LanzaTech Global, Inc. (NASDAQ:LNZA) Position Boosted by Barclays PLC

Barclays PLC boosted its holdings in LanzaTech Global, Inc. (NASDAQ:LNZA) by 322.3% during the 3rd quarter, Holdings Channel reports. The fund owned 160,226 shares of the company’s stock after acquiring an additional 122,289 shares during the quarter. Barclays PLC’s holdings in LanzaTech Global were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of LanzaTech Global in the second quarter worth $26,000. Intech Investment Management LLC bought a new position in LanzaTech Global in the 3rd quarter valued at about $29,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in LanzaTech Global by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock valued at $435,000 after buying an additional 18,391 shares during the period. Geode Capital Management LLC raised its position in shares of LanzaTech Global by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,237,303 shares of the company’s stock worth $4,274,000 after buying an additional 23,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of LanzaTech Global by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock worth $1,445,000 after acquiring an additional 25,629 shares during the period. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Price Performance

NASDAQ:LNZA opened at $1.52 on Monday. LanzaTech Global, Inc. has a 52-week low of $0.84 and a 52-week high of $5.01. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 6.64. The firm has a market cap of $300.60 million, a P/E ratio of -2.34 and a beta of 1.35. The business’s 50-day moving average price is $1.31 and its 200 day moving average price is $1.57.

LanzaTech Global (NASDAQ:LNZA) last released its earnings results on Friday, November 8th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.16). LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. The business had revenue of $9.94 million during the quarter, compared to the consensus estimate of $17.87 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. As a group, sell-side analysts predict that LanzaTech Global, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD Cowen lowered their price objective on shares of LanzaTech Global from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, November 11th.

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.