LanzaTech Global, Inc. (NASDAQ:LNZA) Given Consensus Rating of “Reduce” by Brokerages

LanzaTech Global, Inc. (NASDAQ:LNZA) has been assigned a consensus rating of “Reduce” from the five research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $200.00.

Several equities research analysts recently commented on LNZA shares. Zacks Research downgraded shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen downgraded shares of LanzaTech Global from a “hold” rating to a “strong sell” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of LanzaTech Global in a report on Wednesday, October 8th.

Institutional Investors Weigh In On LanzaTech Global

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. raised its position in shares of LanzaTech Global by 16,556.3% during the first quarter. SBI Securities Co. Ltd. now owns 170,394 shares of the company’s stock worth $41,000 after acquiring an additional 169,371 shares during the last quarter. Nuveen LLC bought a new position in LanzaTech Global during the 1st quarter worth approximately $49,000. AQR Capital Management LLC raised its holdings in LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after purchasing an additional 168,247 shares during the last quarter. XTX Topco Ltd lifted its position in shares of LanzaTech Global by 380.5% in the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after purchasing an additional 149,576 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of LanzaTech Global in the 2nd quarter valued at $82,000. Institutional investors and hedge funds own 17.76% of the company’s stock.

LanzaTech Global Trading Up 3.8%

Shares of LNZA stock opened at $18.59 on Monday. The firm has a market capitalization of $43.13 million and a price-to-earnings ratio of -0.35. The business’s 50-day moving average price is $22.76 and its 200-day moving average price is $26.49. LanzaTech Global has a 12 month low of $14.01 and a 12 month high of $274.00.

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.