Insider Buying: LanzaTech Global (NASDAQ:LNZA) Major Shareholder Buys 860,000 Shares of Stock

LanzaTech Global, Inc. (NASDAQ:LNZA) major shareholder Of New Zealand Super Guardians purchased 860,000 shares of the stock in a transaction dated Wednesday, January 21st. The stock was purchased at an average cost of $5.00 per share, for a total transaction 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 approximately $5,963,170. This represents a 258.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

LanzaTech Global Trading Up 1.4%

Shares of LNZA stock traded up $0.12 during trading hours on Wednesday, reaching $9.17. The stock had a trading volume of 1,641 shares, compared to its average volume of 9,388. The stock’s fifty day simple moving average is $12.74 and its 200 day simple moving average is $18.79. The firm has a market capitalization of $21.28 million and a PE ratio of -0.40. LanzaTech Global, Inc. has a 12 month low of $8.42 and a 12 month high of $106.00.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On LanzaTech Global

Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its stake in LanzaTech Global by 77.9% during the second quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock worth $82,000 after purchasing an additional 132,792 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of LanzaTech Global during the 2nd quarter valued at about $230,000. DRW Securities LLC purchased a new position in shares of LanzaTech Global during the 4th quarter valued at about $160,000. Marshall Wace LLP bought a new stake in LanzaTech Global in the 2nd quarter worth approximately $82,000. Finally, XTX Topco Ltd boosted its stake in 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 buying an additional 149,576 shares in the last quarter. Hedge funds and other institutional investors own 17.76% of the company’s stock.

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.