Broad Bay Capital Management LP reduced its holdings in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,210,401 shares of the specialty chemicals company's stock after selling 129,270 shares during the quarter. Green Plains comprises 2.6% of Broad Bay Capital Management LP's holdings, making the stock its 15th largest holding. Broad Bay Capital Management LP owned 3.42% of Green Plains worth $20,955,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in GPRE. Charles Schwab Investment Management Inc. raised its position in Green Plains by 21.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company's stock valued at $13,286,000 after buying an additional 250,738 shares during the last quarter. Kailix Advisors LLC raised its holdings in shares of Green Plains by 15.3% in the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company's stock valued at $12,484,000 after purchasing an additional 174,519 shares during the last quarter. CenterBook Partners LP bought a new position in shares of Green Plains during the fourth quarter valued at about $10,940,000. Invesco Ltd. boosted its holdings in Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock worth $9,671,000 after purchasing an additional 488,870 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Green Plains by 424.8% during the fourth quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock worth $7,624,000 after purchasing an additional 650,937 shares during the last quarter.
Wall Street Analyst Weigh In
A number of analysts have issued reports on GPRE shares. UBS Group downgraded Green Plains from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Truist Financial reiterated a "buy" rating and issued a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a report on Thursday, February 13th. StockNews.com lowered Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. BMO Capital Markets cut their target price on shares of Green Plains from $13.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, February 10th. Finally, Bank of America downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $10.00 to $4.50 in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $12.07.
Check Out Our Latest Report on GPRE
Green Plains Stock Up 5.5 %
Shares of NASDAQ GPRE traded up $0.21 on Friday, reaching $4.05. 1,650,447 shares of the company's stock traded hands, compared to its average volume of 1,377,213. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The business's 50 day simple moving average is $4.36 and its two-hundred day simple moving average is $7.75. Green Plains Inc. has a 12 month low of $3.14 and a 12 month high of $20.54. The company has a market cap of $274.94 million, a price-to-earnings ratio of -2.98 and a beta of 1.19.
Green Plains (NASDAQ:GPRE - Get Free Report) last posted its earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). The business had revenue of $601.52 million during the quarter, compared to the consensus estimate of $605.62 million. Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.81) EPS. As a group, equities research analysts forecast that Green Plains Inc. will post -0.5 EPS for the current fiscal year.
About Green Plains
(
Free Report)
Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.
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