SBI Securities Co. Ltd. Lowers Holdings in LanzaTech Global, Inc. $LNZA

SBI Securities Co. Ltd. reduced its stake in shares of LanzaTech Global, Inc. (NASDAQ:LNZA) by 99.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,985 shares of the company’s stock after selling 300,201 shares during the period. SBI Securities Co. Ltd. owned 0.13% of LanzaTech Global worth $73,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in LanzaTech Global during the second quarter worth approximately $230,000. Marshall Wace LLP purchased a new position in shares of LanzaTech Global in the 2nd quarter worth $82,000. AQR Capital Management LLC boosted its holdings 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 valued at $45,000 after acquiring an additional 168,247 shares during the last quarter. XTX Topco Ltd grew its position in LanzaTech Global by 380.5% during 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 period. Finally, Qube Research & Technologies Ltd acquired a new stake in LanzaTech Global during the second quarter worth about $27,000. 17.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on LNZA. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LanzaTech Global in a research note on Thursday, January 22nd. Roth Mkm cut their price target 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. Wall Street Zen raised shares of LanzaTech Global from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Zacks Research raised shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.00.

LanzaTech Global Price Performance

Shares of LNZA stock opened at $9.79 on Thursday. The company’s fifty day moving average price is $13.38 and its two-hundred day moving average price is $20.01. The firm has a market capitalization of $22.71 million and a P/E ratio of -0.42. LanzaTech Global, Inc. has a 12 month low of $9.50 and a 12 month high of $107.00.

LanzaTech Global (NASDAQ:LNZA) last announced its earnings results on Wednesday, November 19th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($12.42) by $13.41. LanzaTech Global had a negative return on equity of 78,473.86% and a negative net margin of 190.24%.The business had revenue of $9.28 million for the quarter, compared to analyst estimates of $10.20 million. On average, sell-side analysts anticipate that LanzaTech Global, Inc. will post -0.66 EPS for the current year.

About LanzaTech Global

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.