LanzaTech Global (NASDAQ:LNZA) Releases Earnings Results

LanzaTech Global (NASDAQ:LNZA) released its quarterly earnings results on Tuesday. The company reported $0.39 EPS for the quarter, FiscalAI reports. The business had revenue of $28.00 million for the quarter. LanzaTech Global had a negative return on equity of 78,473.86% and a negative net margin of 190.24%.

LanzaTech Global Stock Performance

Shares of LanzaTech Global stock traded down $1.33 during trading on Wednesday, reaching $14.68. The company had a trading volume of 4,834 shares, compared to its average volume of 27,975. LanzaTech Global has a fifty-two week low of $7.88 and a fifty-two week high of $71.19. The firm’s fifty day moving average is $12.44 and its 200-day moving average is $16.20. The company has a market cap of $34.07 million and a price-to-earnings ratio of -0.63.

Analyst Ratings Changes

LNZA has been the subject of a number of recent analyst reports. Zacks Research upgraded LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of LanzaTech Global in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

Insider Buying and Selling

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

Hedge Funds Weigh In On LanzaTech Global

Several institutional investors have recently made changes to their positions in LNZA. DRW Securities LLC bought a new stake in shares of LanzaTech Global in the 4th quarter worth approximately $160,000. Qube Research & Technologies Ltd bought a new position in LanzaTech Global during the 2nd quarter worth $27,000. AQR Capital Management LLC grew its stake in LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after buying an additional 168,247 shares during the last quarter. XTX Topco Ltd increased its position 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 during the period. Finally, Marshall Wace LLP acquired a new stake in LanzaTech Global in the second quarter worth $82,000. 17.76% of the stock is owned by institutional investors.

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.