Macquarie Group Ltd. Increases Stake in Pacific Ethanol Inc (PEIX)

Macquarie Group Ltd. lifted its holdings in Pacific Ethanol Inc (NASDAQ:PEIX) by 28.8% during the fourth quarter, HoldingsChannel reports. The firm owned 99,725 shares of the oil and gas company’s stock after purchasing an additional 22,300 shares during the period. Macquarie Group Ltd.’s holdings in Pacific Ethanol were worth $454,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Engineers Gate Manager LP raised its position in Pacific Ethanol by 50.9% during the third quarter. Engineers Gate Manager LP now owns 55,417 shares of the oil and gas company’s stock worth $308,000 after acquiring an additional 18,689 shares in the last quarter. Geode Capital Management LLC raised its position in Pacific Ethanol by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 334,923 shares of the oil and gas company’s stock worth $1,523,000 after acquiring an additional 19,476 shares in the last quarter. Wells Fargo & Company MN raised its position in Pacific Ethanol by 20.4% during the fourth quarter. Wells Fargo & Company MN now owns 123,454 shares of the oil and gas company’s stock worth $561,000 after acquiring an additional 20,941 shares in the last quarter. Virtu Financial LLC bought a new stake in Pacific Ethanol during the fourth quarter worth $126,000. Finally, New York State Common Retirement Fund raised its position in Pacific Ethanol by 60.2% during the third quarter. New York State Common Retirement Fund now owns 79,654 shares of the oil and gas company’s stock worth $442,000 after acquiring an additional 29,928 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on PEIX shares. B. Riley set a $7.00 price target on shares of Pacific Ethanol and gave the stock a “buy” rating in a research report on Monday, March 5th. HC Wainwright set a $14.00 price target on shares of Pacific Ethanol and gave the stock a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research raised shares of Pacific Ethanol from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, January 10th. Finally, ValuEngine raised shares of Pacific Ethanol from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Pacific Ethanol currently has an average rating of “Hold” and an average price target of $9.75.



In related news, Director Larry D. Layne acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were bought at an average cost of $3.70 per share, with a total value of $37,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Neil M. Koehler acquired 30,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was bought at an average cost of $3.20 per share, for a total transaction of $96,000.00. The disclosure for this purchase can be found here. Insiders bought 52,000 shares of company stock worth $172,425 over the last three months. Insiders own 3.87% of the company’s stock.

Shares of PEIX opened at $3.05 on Thursday. The stock has a market capitalization of $131.88, a PE ratio of -3.59 and a beta of 2.05. Pacific Ethanol Inc has a fifty-two week low of $2.75 and a fifty-two week high of $7.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.56 and a current ratio of 2.24.

Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings data on Wednesday, February 28th. The oil and gas company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.21). The company had revenue of $395.27 million during the quarter, compared to the consensus estimate of $418.84 million. Pacific Ethanol had a negative net margin of 2.14% and a negative return on equity of 8.84%. Pacific Ethanol’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. equities research analysts anticipate that Pacific Ethanol Inc will post -0.49 EPS for the current fiscal year.

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Pacific Ethanol Profile

Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.

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Institutional Ownership by Quarter for Pacific Ethanol (NASDAQ:PEIX)

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