Amundi Invests $301,000 in Gevo, Inc. (NASDAQ:GEVO)

Amundi bought a new position in Gevo, Inc. (NASDAQ:GEVO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 144,255 shares of the energy company’s stock, valued at approximately $301,000.

A number of other hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Gevo in the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in Gevo during the 4th quarter valued at $468,000. VisionPoint Advisory Group LLC increased its holdings in Gevo by 200.9% during the 4th quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company’s stock valued at $65,000 after purchasing an additional 18,734 shares in the last quarter. Centerpoint Advisory Group acquired a new stake in Gevo during the 4th quarter valued at $75,000. Finally, Financial Advocates Investment Management increased its holdings in Gevo by 28.5% during the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock valued at $188,000 after purchasing an additional 19,980 shares in the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $14.00 price target on shares of Gevo in a report on Monday, March 10th.

Gevo Stock Down 0.8 %

Shares of GEVO opened at $1.31 on Friday. The firm has a market capitalization of $313.62 million, a price-to-earnings ratio of -3.85 and a beta of 2.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The business’s fifty day moving average price is $1.64 and its two-hundred day moving average price is $1.73. Gevo, Inc. has a 52 week low of $0.48 and a 52 week high of $3.39.

Gevo 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.