LanzaTech Global (NASDAQ:LNZA) Stock Rating Lowered by Zacks Research

LanzaTech Global (NASDAQ:LNZA) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of LanzaTech Global in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of LanzaTech Global from a “hold” rating to a “strong sell” rating in a research report on Friday, August 22nd. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $200.00.

LanzaTech Global Trading Up 3.8%

NASDAQ LNZA traded up $0.68 during midday trading on Wednesday, hitting $18.59. The company had a trading volume of 7,506 shares, compared to its average volume of 23,854. The firm has a 50-day moving average price of $22.81 and a 200-day moving average price of $26.55. The company has a market capitalization of $43.13 million and a PE ratio of -0.35. LanzaTech Global has a twelve month low of $14.01 and a twelve month high of $274.00.

Institutional Trading of LanzaTech Global

A number of hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. boosted its position in shares of LanzaTech Global by 16,556.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 170,394 shares of the company’s stock valued at $41,000 after purchasing an additional 169,371 shares in the last quarter. Nuveen LLC purchased a new stake in shares of LanzaTech Global in the first quarter worth approximately $49,000. AQR Capital Management LLC raised its position in LanzaTech Global by 1,045.1% in the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after buying an additional 168,247 shares during the last quarter. XTX Topco Ltd lifted its position in shares of LanzaTech Global by 380.5% during the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after purchasing an additional 149,576 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of LanzaTech Global during the 2nd quarter worth approximately $82,000. Institutional investors and hedge funds own 17.76% of the company’s stock.

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.