Rubric Capital Management LP increased its holdings in Renewable Energy Group, Inc. (NASDAQ:REGI) by 512.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 892,068 shares of the oil and gas company’s stock after buying an additional 746,444 shares during the quarter. Renewable Energy Group accounts for about 1.0% of Rubric Capital Management LP’s investment portfolio, making the stock its 25th largest position. Rubric Capital Management LP owned approximately 2.31% of Renewable Energy Group worth $10,839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of REGI. Bank of Montreal Can lifted its holdings in Renewable Energy Group by 1.5% during the second quarter. Bank of Montreal Can now owns 104,810 shares of the oil and gas company’s stock valued at $1,358,000 after purchasing an additional 1,593 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Renewable Energy Group by 17.8% during the second quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after purchasing an additional 1,668 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Renewable Energy Group by 12.1% during the second quarter. Voya Investment Management LLC now owns 22,206 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 2,390 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Renewable Energy Group by 8.5% during the first quarter. Metropolitan Life Insurance Co. NY now owns 31,771 shares of the oil and gas company’s stock valued at $332,000 after purchasing an additional 2,486 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Renewable Energy Group by 16.7% during the second quarter. First Trust Advisors LP now owns 40,086 shares of the oil and gas company’s stock valued at $519,000 after purchasing an additional 5,725 shares in the last quarter.

REGI has been the topic of several analyst reports. BidaskClub downgraded shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Roth Capital set a $17.00 price target on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Wednesday, August 23rd. Piper Jaffray Companies set a $13.00 price target on shares of Renewable Energy Group and gave the company a “hold” rating in a report on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $15.33.

Shares of Renewable Energy Group, Inc. (REGI) opened at $10.90 on Friday. The stock has a market cap of $441.05, a P/E ratio of 380.00 and a beta of 1.48. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37. Renewable Energy Group, Inc. has a 1 year low of $8.25 and a 1 year high of $13.55.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.11. The firm had revenue of $627.00 million for the quarter, compared to analysts’ expectations of $513.88 million. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. sell-side analysts expect that Renewable Energy Group, Inc. will post -1.63 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/12/15/rubric-capital-management-lp-boosts-position-in-renewable-energy-group-inc-regi.html.

Renewable Energy Group Profile

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.

Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

Receive News & Stock Ratings for Renewable Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group and related stocks with our FREE daily email newsletter.