Raymond James Financial Services Advisors Inc. Acquires Shares of 22,596 Gevo, Inc. (NASDAQ:GEVO)


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Raymond James Financial Services Advisors Inc. acquired a new stake in Gevo, Inc. (NASDAQ:GEVO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,596 shares of the energy company’s stock, valued at approximately $96,000.

A number of other large investors also recently added to or reduced their stakes in GEVO. ExodusPoint Capital Management LP purchased a new position in Gevo in the third quarter valued at about $30,000. Wells Fargo & Company MN raised its position in Gevo by 1,131.8% in the fourth quarter. Wells Fargo & Company MN now owns 15,940 shares of the energy company’s stock valued at $68,000 after purchasing an additional 14,646 shares during the period. Berman Capital Advisors LLC acquired a new stake in shares of Gevo during the fourth quarter valued at about $72,000. Victory Capital Management Inc. acquired a new stake in shares of Gevo during the fourth quarter valued at about $81,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Gevo by 35.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,000 shares of the energy company’s stock valued at $98,000 after acquiring an additional 6,000 shares in the last quarter. 8.02% of the stock is currently owned by institutional investors.

NASDAQ:GEVO opened at $6.37 on Friday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -3.91 and a beta of 3.56. Gevo, Inc. has a one year low of $0.46 and a one year high of $15.57. The stock has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $5.66.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Tuesday, March 16th. The energy company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.10). Gevo had a negative return on equity of 33.39% and a negative net margin of 243.40%. The firm had revenue of $0.53 million during the quarter, compared to analyst estimates of $0.76 million. As a group, analysts expect that Gevo, Inc. will post -0.78 earnings per share for the current fiscal year.

GEVO has been the subject of several recent analyst reports. HC Wainwright raised their target price on Gevo from $5.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, February 25th. Noble Financial raised their target price on Gevo from $8.25 to $16.00 in a research note on Monday, January 25th. Finally, Zacks Investment Research downgraded Gevo from a “hold” rating to a “sell” rating in a research note on Tuesday, March 30th.

Gevo Company Profile

Gevo, Inc operates as a renewable fuels company. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives. Its products also include renewable biodiesel, isooctane, isobutanol, sustainable aviation fuel, isobutylene, ethanol, and animal feed.

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Institutional Ownership by Quarter for Gevo (NASDAQ:GEVO)

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