Algert Global LLC Grows Stock Position in Green Plains, Inc. $GPRE

Key Points

• Algert Global LLC significantly increased its stake in Green Plains, Inc. by 40% in Q1, holding 715,648 shares worth approximately $3.47 million.
• Despite the growth in institutional investments, Green Plains reported a loss of ($0.41) EPS for the last quarter, missing analyst expectations and showing a revenue decline of 10.7% year-over-year.
• Research analysts have set a mixed outlook for the company, with Bank of America maintaining an "underperform" rating and setting a price target of $7.00, while the average rating remains at "Hold" with a price target of $7.80.

Algert Global LLC lifted its holdings in Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 40.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 715,648 shares of the specialty chemicals company's stock after buying an additional 204,353 shares during the period. Algert Global LLC owned approximately 1.05% of Green Plains worth $3,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Green Plains by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company's stock worth $346,000 after buying an additional 1,596 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Green Plains by 54.6% in the first quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 3,002 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Green Plains by 5.6% in the fourth quarter. Renaissance Technologies LLC now owns 79,529 shares of the specialty chemicals company's stock valued at $754,000 after purchasing an additional 4,200 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Green Plains by 12.3% in the fourth quarter. MetLife Investment Management LLC now owns 41,436 shares of the specialty chemicals company's stock valued at $393,000 after purchasing an additional 4,550 shares during the last quarter. Finally, Dauntless Investment Group LLC purchased a new position in Green Plains in the fourth quarter valued at approximately $54,000.

Green Plains Price Performance

Shares of Green Plains stock traded up $0.48 during trading on Monday, hitting $9.41. The stock had a trading volume of 2,290,435 shares, compared to its average volume of 1,652,136. The firm has a market cap of $617.01 million, a price-to-earnings ratio of -3.92 and a beta of 1.18. The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.58. Green Plains, Inc. has a 12 month low of $3.14 and a 12 month high of $14.67. The business's 50-day moving average is $7.51 and its 200 day moving average is $5.71.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.13). Green Plains had a negative net margin of 6.34% and a negative return on equity of 13.65%. The firm had revenue of $552.83 million for the quarter, compared to analysts' expectations of $578.18 million. During the same quarter in the previous year, the business earned ($0.38) EPS. The company's revenue for the quarter was down 10.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Green Plains, Inc. will post -0.5 earnings per share for the current year.

Analyst Ratings Changes

GPRE has been the topic of several research analyst reports. Zacks Research upgraded Green Plains to a "hold" rating in a research note on Monday, August 11th. BMO Capital Markets dropped their price objective 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. Finally, Bank of America reiterated an "underperform" rating and issued a $7.00 price objective (up previously from $4.50) on shares of Green Plains in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $7.80.

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.