Renewable Energy Group Inc (NASDAQ:REGI) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its stake in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 92.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,202 shares of the oil and gas company’s stock after purchasing an additional 10,689 shares during the period. Cubist Systematic Strategies LLC’s holdings in Renewable Energy Group were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in REGI. Dynamic Technology Lab Private Ltd acquired a new stake in Renewable Energy Group during the 1st quarter worth about $373,000. OppenheimerFunds Inc. grew its position in Renewable Energy Group by 3.4% during the 1st quarter. OppenheimerFunds Inc. now owns 770,075 shares of the oil and gas company’s stock worth $16,911,000 after purchasing an additional 25,370 shares during the period. Hancock Whitney Corp grew its position in Renewable Energy Group by 109.4% during the 1st quarter. Hancock Whitney Corp now owns 42,390 shares of the oil and gas company’s stock worth $931,000 after purchasing an additional 22,145 shares during the period. Marshall Wace LLP grew its position in Renewable Energy Group by 181.2% during the 1st quarter. Marshall Wace LLP now owns 130,664 shares of the oil and gas company’s stock worth $2,869,000 after purchasing an additional 84,190 shares during the period. Finally, First Trust Advisors LP grew its position in Renewable Energy Group by 2.0% during the 1st quarter. First Trust Advisors LP now owns 104,698 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 2,098 shares during the period.

NASDAQ:REGI opened at $15.61 on Friday. Renewable Energy Group Inc has a 52 week low of $9.90 and a 52 week high of $32.52. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $608.13 million, a PE ratio of 2.30 and a beta of 1.19. The stock’s 50-day moving average price is $13.96 and its 200-day moving average price is $16.28.

Renewable Energy Group (NASDAQ:REGI) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.92). Renewable Energy Group had a negative net margin of 2.88% and a negative return on equity of 5.90%. The business had revenue of $560.64 million for the quarter, compared to analyst estimates of $572.93 million. Sell-side analysts expect that Renewable Energy Group Inc will post -2.17 earnings per share for the current fiscal year.

A number of research firms have recently commented on REGI. Roth Capital upgraded Renewable Energy Group from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, June 24th. Zacks Investment Research upgraded Renewable Energy Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday. BWS Financial restated a “buy” rating on shares of Renewable Energy Group in a research report on Friday, September 6th. BidaskClub upgraded Renewable Energy Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 5th. Finally, ValuEngine upgraded Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.75.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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

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