Van ECK Associates Corp Grows Holdings in LanzaTech Global, Inc. (NASDAQ:LNZA)

Van ECK Associates Corp raised its position in LanzaTech Global, Inc. (NASDAQ:LNZA) by 52.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 510,257 shares of the company’s stock after buying an additional 175,290 shares during the period. Van ECK Associates Corp owned 0.26% of LanzaTech Global worth $2,567,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of LNZA. Barclays PLC increased its position in shares of LanzaTech Global by 119.5% during the third quarter. Barclays PLC now owns 8,991 shares of the company’s stock valued at $42,000 after acquiring an additional 4,895 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in LanzaTech Global in the 4th quarter valued at $63,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of LanzaTech Global during the 3rd quarter valued at $71,000. Pathstone Family Office LLC bought a new stake in shares of LanzaTech Global during the 3rd quarter worth $72,000. Finally, Swiss National Bank purchased a new position in shares of LanzaTech Global in the 3rd quarter worth about $301,000. Institutional investors own 17.76% of the company’s stock.

Insider Transactions at LanzaTech Global

In related news, insider Freya Burton sold 50,225 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $3.24, for a total transaction of $162,729.00. Following the sale, the insider now directly owns 39,846 shares in the company, valued at approximately $129,101.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

Several brokerages have commented on LNZA. Seaport Res Ptn reaffirmed a “buy” rating on shares of LanzaTech Global in a research report on Friday, March 15th. Roth Mkm reaffirmed a “buy” rating and issued a $6.00 price target on shares of LanzaTech Global in a report on Monday, March 25th. Finally, TD Cowen initiated coverage on LanzaTech Global in a report on Tuesday. They set a “hold” rating and a $3.00 price objective for the company.

LanzaTech Global Price Performance

Shares of NASDAQ:LNZA opened at $2.74 on Wednesday. The firm has a market capitalization of $537.81 million, a PE ratio of -2.91 and a beta of 1.58. The company has a quick ratio of 6.22, a current ratio of 6.22 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $2.92 and a two-hundred day moving average price of $3.81. LanzaTech Global, Inc. has a twelve month low of $1.86 and a twelve month high of $8.70.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. LanzaTech Global had a negative net margin of 214.11% and a negative return on equity of 95.22%. The company had revenue of $20.46 million during the quarter, compared to the consensus estimate of $36.50 million. Equities analysts forecast that LanzaTech Global, Inc. will post -0.43 EPS for the current year.

LanzaTech Global Company Profile

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.