Y Intercept Hong Kong Ltd Invests $422,000 in Green Plains, Inc. (NASDAQ:GPRE)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 87,106 shares of the specialty chemicals company's stock, valued at approximately $422,000. Y Intercept Hong Kong Ltd owned approximately 0.13% of Green Plains at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dauntless Investment Group LLC purchased a new position in Green Plains in the 4th quarter worth approximately $54,000. M&T Bank Corp purchased a new position in Green Plains in the 1st quarter worth approximately $58,000. Raiffeisen Bank International AG purchased a new position in Green Plains in the 4th quarter worth approximately $72,000. Quinn Opportunity Partners LLC purchased a new position in Green Plains in the 4th quarter worth approximately $96,000. Finally, Pictet Asset Management Holding SA increased its stake in Green Plains by 28.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company's stock worth $108,000 after purchasing an additional 2,503 shares during the period.

Green Plains Trading Down 4.5%

Shares of GPRE stock traded down $0.37 during trading hours on Friday, reaching $7.90. The company's stock had a trading volume of 550,861 shares, compared to its average volume of 1,846,816. The stock has a market capitalization of $516.59 million, a P/E ratio of -4.67 and a beta of 1.22. Green Plains, Inc. has a one year low of $3.14 and a one year high of $17.44. The firm's fifty day simple moving average is $6.22 and its 200 day simple moving average is $5.86. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). Green Plains had a negative return on equity of 12.76% and a negative net margin of 4.22%. The business had revenue of $601.52 million during the quarter, compared to the consensus estimate of $605.62 million. During the same quarter in the prior year, the business posted ($0.81) earnings per share. Green Plains's quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts expect that Green Plains, Inc. will post -0.5 EPS for the current year.

Analyst Upgrades and Downgrades

GPRE has been the topic of a number of analyst reports. BMO Capital Markets decreased their price target on Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a research note on Monday, May 12th. Bank of America cut 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Green Plains currently has an average rating of "Hold" and an average target price of $10.42.

Green Plains 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.