First Trust Advisors LP Decreases Holdings in LanzaTech Global, Inc. (NASDAQ:LNZA)

First Trust Advisors LP lowered its holdings in LanzaTech Global, Inc. (NASDAQ:LNZA) by 6.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 654,493 shares of the company’s stock after selling 44,346 shares during the quarter. First Trust Advisors LP’s holdings in LanzaTech Global were worth $897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC lifted its position in LanzaTech Global by 10.9% in the fourth quarter. Barclays PLC now owns 177,623 shares of the company’s stock valued at $244,000 after acquiring an additional 17,397 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of LanzaTech Global by 46.3% in the 4th quarter. Wells Fargo & Company MN now owns 56,235 shares of the company’s stock valued at $77,000 after purchasing an additional 17,804 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of LanzaTech Global in the 4th quarter valued at about $30,000. Geode Capital Management LLC grew its stake in LanzaTech Global by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 2,259,215 shares of the company’s stock worth $3,096,000 after buying an additional 21,912 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in LanzaTech Global by 113.7% during the fourth quarter. SG Americas Securities LLC now owns 80,420 shares of the company’s stock worth $110,000 after buying an additional 42,792 shares during the period. Institutional investors and hedge funds own 17.76% of the company’s stock.

LanzaTech Global Price Performance

LanzaTech Global stock opened at $0.26 on Friday. The company has a market cap of $51.45 million, a P/E ratio of -0.40 and a beta of 1.69. LanzaTech Global, Inc. has a one year low of $0.14 and a one year high of $3.26. The business has a fifty day moving average of $0.33 and a two-hundred day moving average of $0.94. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings data on Tuesday, April 15th. The company reported ($0.14) earnings per share for the quarter. LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%. The firm had revenue of $12.03 million during the quarter. As a group, analysts predict that LanzaTech Global, Inc. will post -0.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott cut shares of LanzaTech Global from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.