LanzaTech Global, Inc. (NASDAQ:LNZA) Given Average Recommendation of “Hold” by Brokerages

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have been assigned a consensus rating of “Hold” from the three ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.00.

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

Hedge Funds Weigh In On LanzaTech Global

Large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in shares of LanzaTech Global by 47.1% during the 4th quarter. Invesco Ltd. now owns 4,264,525 shares of the company’s stock worth $5,842,000 after purchasing an additional 1,365,668 shares during the last quarter. DnB Asset Management AS acquired a new position in shares of LanzaTech Global during the fourth quarter valued at approximately $467,000. JPMorgan Chase & Co. raised its holdings in shares of LanzaTech Global by 110.2% during the fourth quarter. JPMorgan Chase & Co. now owns 284,875 shares of the company’s stock valued at $390,000 after acquiring an additional 149,345 shares during the last quarter. Barclays PLC lifted its position in shares of LanzaTech Global by 322.3% in the third quarter. Barclays PLC now owns 160,226 shares of the company’s stock valued at $306,000 after acquiring an additional 122,289 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of LanzaTech Global by 6.3% in the third quarter. State Street Corp now owns 1,610,965 shares of the company’s stock worth $3,077,000 after acquiring an additional 95,725 shares during the last quarter. 17.76% of the stock is currently owned by institutional investors and hedge funds.

LanzaTech Global Stock Down 8.3 %

LNZA opened at $0.41 on Thursday. LanzaTech Global has a fifty-two week low of $0.41 and a fifty-two week high of $3.41. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91. The company has a fifty day moving average of $0.93 and a two-hundred day moving average of $1.31. The stock has a market capitalization of $81.64 million, a price-to-earnings ratio of -0.64 and a beta of 1.32.

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.