Gevo, Inc. (NASDAQ:GEVO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its holdings in Gevo, Inc. (NASDAQ:GEVO) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,455,703 shares of the energy company’s stock after selling 65,905 shares during the period. Geode Capital Management LLC’s holdings in Gevo were worth $4,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Millennium Management LLC bought a new stake in Gevo during the second quarter worth approximately $2,888,000. Point72 Asset Management L.P. increased its holdings in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after buying an additional 812,870 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo during the 2nd quarter worth $295,000. Cubist Systematic Strategies LLC bought a new stake in shares of Gevo during the 2nd quarter worth $112,000. Finally, XTX Topco Ltd grew its holdings in shares of Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares during the last quarter. 35.17% of the stock is currently owned by institutional investors.

Gevo Trading Up 22.8 %

NASDAQ GEVO opened at $2.85 on Monday. The firm’s 50 day moving average price is $1.77 and its two-hundred day moving average price is $1.33. The stock has a market cap of $682.31 million, a price-to-earnings ratio of -8.38 and a beta of 2.77. Gevo, Inc. has a twelve month low of $0.48 and a twelve month high of $3.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25.

Insider Activity

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. This trade represents a 1.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the transaction, the insider now owns 332,430 shares in the company, valued at $787,859.10. This represents a 7.49 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GEVO has been the subject of several analyst reports. UBS Group upped their target price on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.