LanzaTech Global, Inc. $LNZA Position Reduced by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lowered its stake in LanzaTech Global, Inc. (NASDAQ:LNZA) by 99.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,985 shares of the company’s stock after selling 300,201 shares during the period. SBI Securities Co. Ltd.’s holdings in LanzaTech Global were worth $73,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in LanzaTech Global in the second quarter worth about $27,000. AQR Capital Management LLC raised its stake in LanzaTech Global by 1,045.1% during the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after buying an additional 168,247 shares in the last quarter. XTX Topco Ltd lifted its holdings in LanzaTech Global by 380.5% during the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after buying an additional 149,576 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of LanzaTech Global in the 2nd quarter worth approximately $82,000. Finally, Jane Street Group LLC bought a new stake in shares of LanzaTech Global in the 2nd quarter valued at approximately $230,000. Institutional investors own 17.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded LanzaTech Global from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Roth Mkm dropped their target price on shares of LanzaTech Global from $20.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Zacks Research upgraded shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LanzaTech Global in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.00.

LanzaTech Global Stock Performance

LNZA stock opened at $9.79 on Thursday. LanzaTech Global, Inc. has a 1 year low of $9.50 and a 1 year high of $107.00. The stock has a market capitalization of $22.71 million and a price-to-earnings ratio of -0.42. The stock’s fifty day moving average is $13.38 and its two-hundred day moving average is $20.01.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of ($12.42) by $13.41. The company had revenue of $9.28 million for the quarter, compared to analysts’ expectations of $10.20 million. LanzaTech Global had a negative return on equity of 78,473.86% and a negative net margin of 190.24%. As a group, analysts predict that LanzaTech Global, Inc. will post -0.66 EPS for the current fiscal year.

LanzaTech Global Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.