LanzaTech Global (NASDAQ:LNZA) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of LanzaTech Global (NASDAQ:LNZA) to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $14.00.

LanzaTech Global Trading Up 26.0%

LNZA opened at $18.44 on Wednesday. The firm has a market capitalization of $42.78 million and a PE ratio of -2.00. LanzaTech Global has a twelve month low of $7.88 and a twelve month high of $71.19. The firm’s 50-day moving average price is $12.56 and its 200 day moving average price is $16.21.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($6.47) by $6.43. The business had revenue of $28.00 million during the quarter, compared to analyst estimates of $12.20 million. As a group, analysts predict that LanzaTech Global will post -0.66 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Of New Zealand Super Guardians acquired 860,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was purchased at an average price of $5.00 per share, with a total value of $4,300,000.00. Following the completion of the acquisition, the insider owned 1,192,634 shares of the company’s stock, valued at $5,963,170. This trade represents a 258.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On LanzaTech Global

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of LanzaTech Global in the 2nd quarter valued at approximately $230,000. DRW Securities LLC purchased a new stake in shares of LanzaTech Global during the 4th quarter valued at approximately $160,000. Marshall Wace LLP purchased a new stake in shares of LanzaTech Global during the 2nd quarter valued at approximately $82,000. XTX Topco Ltd lifted its holdings in LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after acquiring an additional 149,576 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in 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 during the period. 17.76% of the stock is currently owned by institutional investors and hedge funds.

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.