Luzich Partners LLC Takes $5.36 Million Position in Renewable Energy Group Inc (REGI)

Luzich Partners LLC bought a new position in Renewable Energy Group Inc (NASDAQ:REGI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 300,000 shares of the oil and gas company’s stock, valued at approximately $5,355,000. Renewable Energy Group makes up about 5.2% of Luzich Partners LLC’s portfolio, making the stock its 9th biggest position. Luzich Partners LLC owned 0.80% of Renewable Energy Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rubric Capital Management LP lifted its holdings in shares of Renewable Energy Group by 91.8% in the 1st quarter. Rubric Capital Management LP now owns 2,300,253 shares of the oil and gas company’s stock worth $29,443,000 after purchasing an additional 1,101,080 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Renewable Energy Group by 0.8% in the 1st quarter. OppenheimerFunds Inc. now owns 1,376,300 shares of the oil and gas company’s stock worth $17,616,000 after purchasing an additional 11,073 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Renewable Energy Group by 5,021.0% in the 1st quarter. Millennium Management LLC now owns 695,642 shares of the oil and gas company’s stock worth $8,904,000 after purchasing an additional 682,058 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Renewable Energy Group by 104.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 452,633 shares of the oil and gas company’s stock worth $8,079,000 after purchasing an additional 230,703 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. lifted its holdings in shares of Renewable Energy Group by 3.5% in the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 438,844 shares of the oil and gas company’s stock worth $5,617,000 after purchasing an additional 14,895 shares during the last quarter.

Shares of Renewable Energy Group stock opened at $21.75 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 1.48. The firm has a market cap of $785.48 million, a price-to-earnings ratio of -10.66 and a beta of 0.91. Renewable Energy Group Inc has a 1-year low of $9.50 and a 1-year high of $22.17.

Renewable Energy Group (NASDAQ:REGI) last announced its earnings results on Monday, August 6th. The oil and gas company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.32. The firm had revenue of $580.15 million for the quarter, compared to the consensus estimate of $572.60 million. Renewable Energy Group had a return on equity of 32.12% and a net margin of 8.64%. research analysts forecast that Renewable Energy Group Inc will post 2.07 EPS for the current fiscal year.

Several analysts recently issued reports on REGI shares. ValuEngine downgraded Renewable Energy Group from a “buy” rating to a “hold” rating in a report on Monday, May 7th. BidaskClub downgraded Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 19th. Roth Capital set a $21.00 price target on Renewable Energy Group and gave the stock a “buy” rating in a report on Thursday, May 17th. Finally, Zacks Investment Research raised Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Saturday, August 11th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Renewable Energy Group currently has an average rating of “Buy” and an average price target of $20.50.

In other Renewable Energy Group news, VP Gary Haer sold 9,830 shares of Renewable Energy Group stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $17.84, for a total transaction of $175,367.20. Following the sale, the vice president now owns 110,016 shares of the company’s stock, valued at approximately $1,962,685.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 30,133 shares of company stock worth $570,828 in the last ninety days. 1.97% of the stock is owned by company insiders.

About Renewable Energy Group

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.

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

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