Deutsche Bank AG boosted its position in Renewable Energy Group Inc (NASDAQ:REGI) by 111.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 534,073 shares of the oil and gas company’s stock after purchasing an additional 281,132 shares during the period. Deutsche Bank AG owned approximately 1.43% of Renewable Energy Group worth $13,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in Renewable Energy Group by 193.9% in the fourth quarter. IFP Advisors Inc now owns 1,061 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 700 shares during the last quarter. Pearl River Capital LLC bought a new stake in Renewable Energy Group in the fourth quarter worth about $38,000. Advisory Services Network LLC bought a new stake in Renewable Energy Group in the fourth quarter worth about $56,000. CoreCommodity Management LLC bought a new stake in Renewable Energy Group in the fourth quarter worth about $78,000. Finally, Quantamental Technologies LLC bought a new stake in Renewable Energy Group in the fourth quarter worth about $164,000.
Renewable Energy Group stock opened at $23.33 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. Renewable Energy Group Inc has a fifty-two week low of $12.50 and a fifty-two week high of $32.52. The company has a market cap of $864.40 million, a PE ratio of 3.44 and a beta of 0.92.
Several analysts have issued reports on REGI shares. BidaskClub downgraded shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 12th. Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Finally, Piper Jaffray Companies started coverage on shares of Renewable Energy Group in a research note on Thursday, April 4th. They set an “overweight” rating and a $35.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. Renewable Energy Group currently has a consensus rating of “Buy” and a consensus price target of $31.00.
ILLEGAL ACTIVITY NOTICE: This article was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/4294185/deutsche-bank-ag-has-13-72-million-holdings-in-renewable-energy-group-inc-regi.html.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
Featured Story: Producer Price Index (PPI)
Want to see what other hedge funds are holding REGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Renewable Energy Group Inc (NASDAQ:REGI).
Receive News & Ratings for Renewable Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.