LanzaTech Global (NASDAQ:LNZA) Announces Quarterly Earnings Results, Beats Expectations By $13.41 EPS

LanzaTech Global (NASDAQ:LNZA) posted its quarterly earnings results on Wednesday. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of ($12.42) by $13.41, Zacks reports. LanzaTech Global had a negative net margin of 335.85% and a negative return on equity of 78,473.86%.

LanzaTech Global Stock Performance

Shares of LNZA stock traded down $0.27 on Wednesday, reaching $12.98. The stock had a trading volume of 7,352 shares, compared to its average volume of 23,501. LanzaTech Global has a 1 year low of $12.86 and a 1 year high of $274.00. The stock has a market cap of $30.11 million and a P/E ratio of -0.24. The company has a 50 day simple moving average of $22.24 and a 200 day simple moving average of $26.39.

Analyst Upgrades and Downgrades

LNZA has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of LanzaTech Global in a research note on Wednesday, October 8th. Zacks Research cut LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Wall Street Zen downgraded LanzaTech Global from a “hold” rating to a “strong sell” rating in a report on Friday, August 22nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of LanzaTech Global during the 2nd quarter valued at about $230,000. Marshall Wace LLP bought a new stake in LanzaTech Global during the second quarter valued at approximately $82,000. XTX Topco Ltd increased its holdings in LanzaTech Global by 380.5% during the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after buying an additional 149,576 shares during the last quarter. AQR Capital Management LLC raised its position in LanzaTech Global by 1,045.1% in the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after acquiring an additional 168,247 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in shares of LanzaTech Global during the 2nd quarter worth $27,000. 17.76% of the stock is owned by hedge funds and other institutional investors.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.