LanzaTech Global (NASDAQ:LNZA) Issues Quarterly Earnings Results, Beats Estimates By $6.43 EPS

LanzaTech Global (NASDAQ:LNZA) issued its quarterly earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($6.47) by $6.43, Zacks reports. The business had revenue of $28.00 million during the quarter, compared to analyst estimates of $12.20 million.

LanzaTech Global Trading Down 8.6%

Shares of LanzaTech Global stock opened at $14.64 on Thursday. LanzaTech Global has a twelve month low of $7.88 and a twelve month high of $71.19. The stock has a market capitalization of $33.96 million and a P/E ratio of -1.59. The business’s fifty day moving average price is $12.46 and its 200 day moving average price is $16.19.

Insider Buying and Selling

In other news, major shareholder Of New Zealand Super Guardians acquired 860,000 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were bought at an average cost of $5.00 per share, for a total transaction of $4,300,000.00. Following the acquisition, the insider directly owned 1,192,634 shares in the company, valued at $5,963,170. This trade represents a 258.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of LanzaTech Global

A number of institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in LanzaTech Global in the second quarter valued at approximately $230,000. DRW Securities LLC acquired a new position in LanzaTech Global during the fourth quarter valued at approximately $160,000. Marshall Wace LLP purchased a new stake in LanzaTech Global during the second quarter worth approximately $82,000. XTX Topco Ltd increased its position in shares of LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after acquiring an additional 149,576 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of LanzaTech Global by 1,045.1% in the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after acquiring an additional 168,247 shares in the last quarter. Hedge funds and other institutional investors own 17.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LNZA. Zacks Research raised shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.00.

LanzaTech Global Company 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.