Trexquant Investment LP Purchases Shares of 16,085 Renewable Energy Group Inc (REGI)

Trexquant Investment LP purchased a new stake in Renewable Energy Group Inc (NASDAQ:REGI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,085 shares of the oil and gas company’s stock, valued at approximately $463,000.

Several other institutional investors also recently added to or reduced their stakes in REGI. BlackRock Inc. grew its holdings in shares of Renewable Energy Group by 7.7% in the third quarter. BlackRock Inc. now owns 5,656,447 shares of the oil and gas company’s stock valued at $162,906,000 after purchasing an additional 404,478 shares in the last quarter. Towle & Co. grew its holdings in shares of Renewable Energy Group by 6.9% in the second quarter. Towle & Co. now owns 1,889,403 shares of the oil and gas company’s stock valued at $33,726,000 after purchasing an additional 122,130 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Renewable Energy Group by 8.6% in the second quarter. OppenheimerFunds Inc. now owns 1,495,056 shares of the oil and gas company’s stock valued at $26,687,000 after purchasing an additional 118,756 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Renewable Energy Group by 14.8% in the second quarter. Renaissance Technologies LLC now owns 1,293,179 shares of the oil and gas company’s stock valued at $23,083,000 after purchasing an additional 166,412 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Renewable Energy Group by 0.9% in the second quarter. Northern Trust Corp now owns 808,314 shares of the oil and gas company’s stock valued at $14,429,000 after purchasing an additional 7,513 shares in the last quarter.

NASDAQ REGI opened at $26.68 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Renewable Energy Group Inc has a 52 week low of $9.50 and a 52 week high of $32.52. The company has a market cap of $995.14 million, a price-to-earnings ratio of -13.08 and a beta of 1.18.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings results on Tuesday, November 6th. The oil and gas company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. Renewable Energy Group had a net margin of 10.21% and a return on equity of 34.52%. The company had revenue of $597.75 million during the quarter, compared to analysts’ expectations of $594.60 million. As a group, research analysts expect that Renewable Energy Group Inc will post 1.19 EPS for the current fiscal year.

In other Renewable Energy Group news, VP Eric Bowen sold 9,750 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $26.19, for a total transaction of $255,352.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 36,519 shares of company stock valued at $987,860 in the last quarter. 1.97% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on REGI shares. Canaccord Genuity set a $31.00 price objective on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Monday, October 15th. BidaskClub upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Friday, October 19th. TheStreet upgraded shares of Renewable Energy Group from a “c+” rating to a “b” rating in a report on Wednesday, November 14th. Roth Capital set a $35.00 price objective on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Wednesday, October 17th. Finally, Zacks Investment Research cut shares of Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Renewable Energy Group presently has an average rating of “Buy” and an average price target of $29.67.

TRADEMARK VIOLATION NOTICE: “Trexquant Investment LP Purchases Shares of 16,085 Renewable Energy Group Inc (REGI)” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/12/06/trexquant-investment-lp-purchases-shares-of-16085-renewable-energy-group-inc-regi.html.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

Featured Story: Do You Need a Fiduciary?

Want to see what other hedge funds are holding REGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Renewable Energy Group Inc (NASDAQ:REGI).

Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

Receive News & Ratings for Renewable Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply