Trexquant Investment LP boosted its stake in Pacific Ethanol, Inc. (NASDAQ:PEIX) by 112.2% during the second quarter, Holdings Channel reports. The institutional investor owned 85,825 shares of the oil and gas company’s stock after buying an additional 45,388 shares during the period. Trexquant Investment LP’s holdings in Pacific Ethanol were worth $536,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in Pacific Ethanol by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 35,269 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 419 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Pacific Ethanol by 4.7% in the first quarter. OppenheimerFunds Inc. now owns 16,212 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 728 shares in the last quarter. American International Group Inc. boosted its stake in Pacific Ethanol by 7.1% in the first quarter. American International Group Inc. now owns 17,659 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 1,163 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Pacific Ethanol by 11.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 25,291 shares of the oil and gas company’s stock valued at $240,000 after buying an additional 2,633 shares in the last quarter. Finally, Strs Ohio boosted its stake in Pacific Ethanol by 6.0% in the second quarter. Strs Ohio now owns 95,200 shares of the oil and gas company’s stock valued at $595,000 after buying an additional 5,400 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Shares of Pacific Ethanol, Inc. (PEIX) opened at 4.85 on Friday. Pacific Ethanol, Inc. has a 1-year low of $4.85 and a 1-year high of $10.95. The firm has a 50-day moving average of $6.01 and a 200 day moving average of $6.66. The stock’s market capitalization is $213.26 million.

Pacific Ethanol (NASDAQ:PEIX) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.18. Pacific Ethanol had a negative return on equity of 3.02% and a negative net margin of 0.72%. The company had revenue of $405.20 million during the quarter, compared to analysts’ expectations of $410.34 million. During the same period last year, the firm posted $0.11 EPS. Pacific Ethanol’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts predict that Pacific Ethanol, Inc. will post ($0.38) EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Pacific Ethanol, Inc. (PEIX) Stake Increased by Trexquant Investment LP” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/pacific-ethanol-inc-peix-stake-increased-by-trexquant-investment-lp/1481182.html.

Several research firms have issued reports on PEIX. HC Wainwright set a $14.00 target price on shares of Pacific Ethanol and gave the stock a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research note on Thursday. Cowen and Company set a $13.00 target price on shares of Pacific Ethanol and gave the stock a “buy” rating in a research note on Saturday, July 29th. Finally, ValuEngine upgraded shares of Pacific Ethanol from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $12.50.

About Pacific Ethanol

Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.

Want to see what other hedge funds are holding PEIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacific Ethanol, Inc. (NASDAQ:PEIX).

Institutional Ownership by Quarter for Pacific Ethanol (NASDAQ:PEIX)

Receive News & Ratings for Pacific Ethanol Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Ethanol Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.