Engineers Gate Manager LP raised its holdings in shares of Pacific Ethanol, Inc. (NASDAQ:PEIX) by 78.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,728 shares of the oil and gas company’s stock after buying an additional 16,120 shares during the quarter. Engineers Gate Manager LP owned about 0.09% of Pacific Ethanol worth $230,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Pacific Ethanol by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 35,269 shares of the oil and gas company’s stock worth $242,000 after buying an additional 419 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Pacific Ethanol by 4.7% during the first quarter. OppenheimerFunds Inc. now owns 16,212 shares of the oil and gas company’s stock worth $111,000 after buying an additional 728 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Pacific Ethanol by 7.1% during the first quarter. American International Group Inc. now owns 17,659 shares of the oil and gas company’s stock worth $121,000 after buying an additional 1,163 shares during the last quarter. Strs Ohio lifted its holdings in shares of Pacific Ethanol by 6.0% during the second quarter. Strs Ohio now owns 95,200 shares of the oil and gas company’s stock worth $595,000 after buying an additional 5,400 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Pacific Ethanol by 23.2% during the second quarter. First Trust Advisors LP now owns 43,522 shares of the oil and gas company’s stock worth $272,000 after buying an additional 8,198 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

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Pacific Ethanol, Inc. (NASDAQ:PEIX) opened at 5.40 on Tuesday. Pacific Ethanol, Inc. has a 52 week low of $4.15 and a 52 week high of $10.95. The company has a 50 day moving average price of $5.00 and a 200-day moving average price of $6.16. The firm’s market capitalization is $237.45 million.

Pacific Ethanol (NASDAQ:PEIX) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.18). The firm had revenue of $405.20 million for the quarter, compared to analyst estimates of $410.34 million. Pacific Ethanol had a negative return on equity of 3.02% and a negative net margin of 0.72%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. Equities analysts predict that Pacific Ethanol, Inc. will post ($0.38) earnings per share for the current year.

A number of research analysts have recently commented on PEIX shares. ValuEngine lowered Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Pacific Ethanol from a “strong sell” rating to a “hold” rating in a report on Thursday, August 10th. Cowen and Company set a $13.00 target price on Pacific Ethanol and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, HC Wainwright set a $14.00 target price on Pacific Ethanol and gave the company a “buy” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $12.50.

Pacific Ethanol Profile

Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.

Institutional Ownership by Quarter for Pacific Ethanol (NASDAQ:PEIX)

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