Cooper Creek Partners Management LLC Reduces Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Cooper Creek Partners Management LLC lessened its holdings in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 56.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,794,744 shares of the specialty chemicals company's stock after selling 2,281,441 shares during the period. Cooper Creek Partners Management LLC owned approximately 2.78% of Green Plains worth $17,014,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. State Street Corp grew its position in Green Plains by 2.9% during the 3rd quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company's stock worth $52,945,000 after acquiring an additional 111,501 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Green Plains in the third quarter worth about $155,000. Barclays PLC lifted its position in Green Plains by 71.5% in the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company's stock valued at $1,935,000 after acquiring an additional 59,564 shares in the last quarter. GAMMA Investing LLC boosted its position in Green Plains by 1,207.7% during the 4th quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company's stock worth $133,000 after acquiring an additional 12,959 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company's stock valued at $6,675,000 after buying an additional 646,507 shares during the last quarter.

Green Plains Price Performance

Shares of NASDAQ:GPRE traded down $0.08 on Friday, hitting $3.40. The company's stock had a trading volume of 2,107,535 shares, compared to its average volume of 1,372,653. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The company has a 50-day simple moving average of $5.15 and a 200 day simple moving average of $8.73. The company has a market capitalization of $220.08 million, a PE ratio of -2.50 and a beta of 1.20. Green Plains Inc. has a 1 year low of $3.26 and a 1 year high of $22.75.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period in the previous year, the firm earned $0.13 EPS. Sell-side analysts forecast that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GPRE shares. UBS Group downgraded Green Plains from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. StockNews.com downgraded shares of Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. BMO Capital Markets reduced their price objective 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. Truist Financial reiterated a "buy" rating and issued a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, Jefferies Financial Group downgraded shares of Green Plains from a "buy" rating to a "hold" rating and dropped their price objective for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Green Plains currently has a consensus rating of "Hold" and a consensus price target of $16.50.

Green Plains Company Profile

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.