R Squared Ltd Takes Position in Aemetis, Inc $AMTX

R Squared Ltd acquired a new stake in Aemetis, Inc (NASDAQ:AMTX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,985 shares of the specialty chemicals company’s stock, valued at approximately $30,000.

Other institutional investors have also modified their holdings of the company. State of Wyoming acquired a new position in shares of Aemetis in the first quarter valued at approximately $90,000. PNC Financial Services Group Inc. raised its position in shares of Aemetis by 14.2% in the first quarter. PNC Financial Services Group Inc. now owns 113,560 shares of the specialty chemicals company’s stock valued at $198,000 after buying an additional 14,152 shares during the last quarter. Invesco Ltd. raised its position in shares of Aemetis by 374.0% in the first quarter. Invesco Ltd. now owns 81,256 shares of the specialty chemicals company’s stock valued at $141,000 after buying an additional 64,115 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Aemetis by 142.2% in the first quarter. Wellington Management Group LLP now owns 62,995 shares of the specialty chemicals company’s stock valued at $110,000 after buying an additional 36,983 shares during the last quarter. Finally, Clear Harbor Asset Management LLC raised its position in shares of Aemetis by 31.0% in the second quarter. Clear Harbor Asset Management LLC now owns 21,950 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 27.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMTX. Weiss Ratings reissued a “sell (e+)” rating on shares of Aemetis in a research report on Friday. Ascendiant Capital Markets upped their price target on shares of Aemetis from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, UBS Group upped their price target on shares of Aemetis from $2.20 to $3.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aemetis presently has an average rating of “Moderate Buy” and a consensus price target of $17.33.

Aemetis Stock Up 2.0%

AMTX opened at $2.57 on Monday. Aemetis, Inc has a 52-week low of $1.22 and a 52-week high of $4.73. The company has a 50 day moving average of $2.53 and a two-hundred day moving average of $2.28. The company has a market cap of $162.53 million, a P/E ratio of -1.59 and a beta of 1.68.

Aemetis (NASDAQ:AMTX) last released its quarterly earnings data on Thursday, August 7th. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.06). The business had revenue of $52.24 million for the quarter, compared to the consensus estimate of $78.68 million. Research analysts anticipate that Aemetis, Inc will post -2.07 earnings per share for the current year.

Insider Buying and Selling at Aemetis

In other news, Director Francis P. Barton sold 26,452 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $2.53, for a total value of $66,923.56. Following the completion of the transaction, the director directly owned 208,518 shares in the company, valued at approximately $527,550.54. This represents a 11.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 15.90% of the company’s stock.

Aemetis Profile

Aemetis, Inc operates as a renewable natural gas and renewable fuels company. It operates through three segments: California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the operation, acquisition, development, and commercialization of technologies to produce low and negative carbon intensity renewable fuels that replace fossil-based products.