Point72 Asia Singapore Pte. Ltd. Cuts Stock Position in Gevo, Inc. (NASDAQ:GEVO)

Point72 Asia Singapore Pte. Ltd. lowered its position in shares of Gevo, Inc. (NASDAQ:GEVO) by 60.5% in the third quarter, Holdings Channel reports. The institutional investor owned 209,166 shares of the energy company’s stock after selling 319,880 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Gevo were worth $341,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Lauterbach Financial Advisors LLC purchased a new stake in shares of Gevo during the 3rd quarter worth $29,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo during the 2nd quarter valued at approximately $51,000. Point72 DIFC Ltd purchased a new stake in shares of Gevo during the 2nd quarter worth approximately $64,000. 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 period. Finally, Cubist Systematic Strategies LLC purchased a new position in Gevo in the 2nd quarter valued at approximately $112,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Insider Buying and Selling at Gevo

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

Gevo Stock Performance

Shares of NASDAQ GEVO opened at $1.48 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The company has a market cap of $354.33 million, a PE ratio of -4.35 and a beta of 2.83. The company has a 50-day simple moving average of $1.96 and a 200-day simple moving average of $1.16. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39.

Analyst Ratings Changes

GEVO has been the topic of several recent research reports. HC Wainwright reiterated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th. UBS Group boosted their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

About Gevo

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.