Thomson Horstmann & Bryant Inc. lowered its holdings in shares of Renewable Energy Group, Inc. (NASDAQ:REGI) by 38.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 381,566 shares of the oil and gas company’s stock after selling 234,390 shares during the period. Thomson Horstmann & Bryant Inc. owned about 0.99% of Renewable Energy Group worth $4,636,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of REGI. C M Bidwell & Associates Ltd. purchased a new stake in shares of Renewable Energy Group in the second quarter worth approximately $110,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Renewable Energy Group in the second quarter worth approximately $142,000. Federated Investors Inc. PA raised its stake in shares of Renewable Energy Group by 17.8% in the second quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock worth $143,000 after purchasing an additional 1,668 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Renewable Energy Group during the second quarter valued at approximately $152,000. Finally, Gilbert & Cook Inc. increased its position in shares of Renewable Energy Group by 1.8% during the second quarter. Gilbert & Cook Inc. now owns 12,623 shares of the oil and gas company’s stock valued at $163,000 after acquiring an additional 220 shares during the last quarter.
Shares of Renewable Energy Group, Inc. (NASDAQ:REGI) traded down $0.15 during midday trading on Friday, reaching $11.35. The company’s stock had a trading volume of 340,900 shares, compared to its average volume of 392,475. Renewable Energy Group, Inc. has a 1-year low of $8.25 and a 1-year high of $13.55. The company has a market capitalization of $444.92, a price-to-earnings ratio of 383.33 and a beta of 1.50. The company has a current ratio of 1.91, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34.
Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.11. Renewable Energy Group had a positive return on equity of 0.38% and a negative net margin of 1.96%. The business had revenue of $627.00 million during the quarter, compared to analyst estimates of $513.88 million. During the same period in the prior year, the company earned $0.59 earnings per share. Renewable Energy Group’s revenue was up .4% compared to the same quarter last year. equities research analysts anticipate that Renewable Energy Group, Inc. will post -1.8 earnings per share for the current fiscal year.
A number of analysts recently commented on REGI shares. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price target on shares of Renewable Energy Group in a research report on Friday, November 3rd. Zacks Investment Research raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub downgraded Renewable Energy Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Renewable Energy Group has a consensus rating of “Hold” and an average price target of $15.33.
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About Renewable Energy Group
Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.
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