LanzaTech Global (NASDAQ:LNZA) Major Shareholder Of New Zealand Super Guardians Acquires 860,000 Shares of Stock

LanzaTech Global, Inc. (NASDAQ:LNZA) major shareholder Of New Zealand Super Guardians purchased 860,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was bought at an average price of $5.00 per share, for a total transaction of $4,300,000.00. Following the transaction, the insider directly 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

LanzaTech Global Stock Performance

Shares of LNZA opened at $9.17 on Thursday. The stock has a market capitalization of $21.28 million and a price-to-earnings ratio of -0.40. The stock has a fifty day moving average of $12.74 and a 200-day moving average of $18.79. LanzaTech Global, Inc. has a 52 week low of $8.42 and a 52 week high of $106.00.

LanzaTech Global (NASDAQ:LNZA) last announced its earnings results on Wednesday, November 19th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $9.28 million for the quarter, compared to the consensus estimate of $10.20 million. As a group, equities analysts forecast that LanzaTech Global, Inc. will post -0.66 EPS for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On LanzaTech Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DRW Securities LLC bought a new position in LanzaTech Global in the 4th quarter worth about $160,000. Qube Research & Technologies Ltd bought a new position in LanzaTech Global in the second quarter valued at about $27,000. AQR Capital Management LLC lifted its stake in shares of LanzaTech Global by 1,045.1% in the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after purchasing an additional 168,247 shares during the period. XTX Topco Ltd boosted its stake in shares of LanzaTech Global by 380.5% during the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after acquiring an additional 149,576 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in LanzaTech Global by 77.9% during the second quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock valued at $82,000 after purchasing an additional 132,792 shares during the period. Hedge funds and other institutional investors own 17.76% of the company’s stock.

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.