Renewable Energy Group Inc (NASDAQ:REGI) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its stake in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,636 shares of the oil and gas company’s stock after acquiring an additional 6,800 shares during the period. Price T Rowe Associates Inc. MD owned about 0.25% of Renewable Energy Group worth $1,485,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. UBS Asset Management Americas Inc. grew its holdings in Renewable Energy Group by 79.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 28,934 shares of the oil and gas company’s stock worth $459,000 after acquiring an additional 12,777 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Renewable Energy Group by 92.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,202 shares of the oil and gas company’s stock valued at $352,000 after buying an additional 10,689 shares during the period. Jefferies Group LLC boosted its holdings in shares of Renewable Energy Group by 155.5% in the 2nd quarter. Jefferies Group LLC now owns 489,884 shares of the oil and gas company’s stock valued at $7,770,000 after buying an additional 298,184 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Renewable Energy Group in the 2nd quarter valued at about $2,095,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Renewable Energy Group by 13.2% in the 2nd quarter. AQR Capital Management LLC now owns 155,933 shares of the oil and gas company’s stock valued at $2,473,000 after buying an additional 18,206 shares during the period.

NASDAQ REGI opened at $15.61 on Friday. Renewable Energy Group Inc has a one year low of $9.90 and a one year high of $32.52. The company has a 50-day simple moving average of $13.96 and a 200-day simple moving average of $16.28. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.05.

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

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