California State Teachers Retirement System reduced its position in Renewable Energy Group Inc (NASDAQ:REGI) by 2.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 90,789 shares of the company’s stock after selling 2,281 shares during the period. California State Teachers Retirement System owned approximately 0.21% of Renewable Energy Group worth $802,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can purchased a new position in shares of Renewable Energy Group during the second quarter worth about $117,000. Acrospire Investment Management LLC purchased a new position in shares of Renewable Energy Group during the first quarter worth about $153,000. Renaissance Technologies LLC purchased a new position in shares of Renewable Energy Group during the first quarter worth about $167,000. Flagship Ventures Fund 2007 L.P. purchased a new position in shares of Renewable Energy Group during the first quarter worth about $317,000. Finally, Prudential Financial Inc. boosted its position in shares of Renewable Energy Group by 48.3% in the first quarter. Prudential Financial Inc. now owns 54,120 shares of the company’s stock worth $511,000 after buying an additional 17,624 shares during the last quarter.
Renewable Energy Group Inc (NASDAQ:REGI) traded up 2.54% during midday trading on Friday, hitting $8.47. The company’s stock had a trading volume of 398,728 shares. Renewable Energy Group Inc has a 52-week low of $6.02 and a 52-week high of $10.43. The company’s market cap is $327.61 million. The stock has a 50 day moving average of $8.62 and a 200 day moving average of $9.02.
Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.12. The business earned $558 million during the quarter, compared to analyst estimates of $417.78 million. During the same quarter last year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was up 49.3% on a year-over-year basis. On average, equities analysts expect that Renewable Energy Group Inc will post $1.25 EPS for the current year.
A number of equities analysts have issued reports on REGI shares. Canaccord Genuity reaffirmed a “hold” rating and issued a $10.50 target price on shares of Renewable Energy Group in a report on Thursday, August 4th. Zacks Investment Research upgraded Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Renewable Energy Group currently has an average rating of “Hold” and an average price target of $10.67.
In other news, Director Peter John Martin Harding purchased 5,000 shares of the stock in a transaction on Friday, September 16th. The shares were acquired at an average price of $8.13 per share, for a total transaction of $40,650.00. Following the completion of the transaction, the director now directly owns 56,637 shares of the company’s stock, valued at approximately $460,458.81. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services while also providing conventional products and services. The Company is a producer of biomass-based diesel in the United States. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities.
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