Systematic Financial Management LP grew its stake in Pacific Ethanol, Inc. (NASDAQ:PEIX) by 21.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,340 shares of the oil and gas company’s stock after acquiring an additional 47,210 shares during the quarter. Systematic Financial Management LP owned about 0.62% of Pacific Ethanol worth $1,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Franklin Resources Inc. increased its stake in shares of Pacific Ethanol by 55.6% in the 2nd quarter. Franklin Resources Inc. now owns 350,000 shares of the oil and gas company’s stock worth $2,188,000 after acquiring an additional 125,000 shares during the last quarter. Engineers Gate Manager LP increased its stake in shares of Pacific Ethanol by 78.2% in the 2nd quarter. Engineers Gate Manager LP now owns 36,728 shares of the oil and gas company’s stock worth $230,000 after acquiring an additional 16,120 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Pacific Ethanol by 93.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 684,688 shares of the oil and gas company’s stock worth $4,279,000 after acquiring an additional 331,284 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Pacific Ethanol in the 2nd quarter worth $100,000. Finally, Prudential Financial Inc. increased its stake in shares of Pacific Ethanol by 98.8% in the 2nd quarter. Prudential Financial Inc. now owns 675,471 shares of the oil and gas company’s stock worth $4,221,000 after acquiring an additional 335,748 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

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Pacific Ethanol, Inc. (NASDAQ:PEIX) opened at 5.20 on Friday. Pacific Ethanol, Inc. has a 12-month low of $4.15 and a 12-month high of $10.95. The stock’s market capitalization is $228.65 million. The stock’s 50 day moving average price is $5.02 and its 200-day moving average price is $6.20.

Pacific Ethanol (NASDAQ:PEIX) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.18). The business had revenue of $405.20 million during the quarter, compared to analyst estimates of $410.34 million. Pacific Ethanol had a negative net margin of 0.72% and a negative return on equity of 3.02%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. Analysts expect that Pacific Ethanol, Inc. will post ($0.38) earnings per share for the current year.

PEIX has been the subject of a number of recent research reports. ValuEngine downgraded Pacific Ethanol from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Cowen and Company set a $13.00 target price on Pacific Ethanol and gave the stock a “buy” rating in a research note on Saturday, July 29th. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of Pacific Ethanol in a research note on Wednesday, June 28th. Finally, Zacks Investment Research raised Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.50.

About Pacific Ethanol

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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