Fuller & Thaler Asset Management Inc. lifted its position in shares of Pacific Ethanol Inc (NASDAQ:PEIX) by 36.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 927,129 shares of the oil and gas company’s stock after purchasing an additional 249,300 shares during the period. Fuller & Thaler Asset Management Inc. owned about 2.03% of Pacific Ethanol worth $1,762,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Pacific Ethanol by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,392,150 shares of the oil and gas company’s stock worth $6,445,000 after acquiring an additional 47,444 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of Pacific Ethanol during the 3rd quarter valued at $1,204,000. United Services Automobile Association lifted its position in shares of Pacific Ethanol by 65.6% during the 2nd quarter. United Services Automobile Association now owns 179,761 shares of the oil and gas company’s stock valued at $467,000 after acquiring an additional 71,200 shares during the period. Millennium Management LLC bought a new stake in shares of Pacific Ethanol during the 2nd quarter valued at $1,606,000. Finally, Paloma Partners Management Co bought a new stake in shares of Pacific Ethanol during the 2nd quarter valued at $547,000. 61.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of PEIX stock opened at $1.50 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.94 and a debt-to-equity ratio of 0.61. Pacific Ethanol Inc has a twelve month low of $1.38 and a twelve month high of $4.90. The firm has a market cap of $68.57 million, a P/E ratio of -1.76 and a beta of 1.88.
Pacific Ethanol (NASDAQ:PEIX) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Pacific Ethanol had a negative return on equity of 11.39% and a negative net margin of 2.66%. The business had revenue of $370.41 million for the quarter, compared to the consensus estimate of $404.30 million. On average, research analysts expect that Pacific Ethanol Inc will post -0.92 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on PEIX shares. HC Wainwright set a $14.00 target price on Pacific Ethanol and gave the company a “buy” rating in a research report on Monday, September 24th. Zacks Investment Research downgraded Pacific Ethanol from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Finally, B. Riley set a $7.00 target price on Pacific Ethanol and gave the company a “buy” rating in a research report on Sunday, August 12th.
About Pacific Ethanol
Pacific Ethanol, Inc produces and markets low-carbon renewable fuels in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; specialty alcohols; and co-products, such as wet distillers grains, dry distillers grains with solubles, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast, and CO2, as well as markets ethanol produced by third parties.
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