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

Key Points

• Algert Global reduced its Green Plains position by 27.3% in the second quarter, selling 98,131 shares and retaining 260,910 shares worth approximately $4.0 million.
• Other institutional investors increased exposure, including Vanguard, BNP Paribas Financial Markets and Assenagon Asset Management, while BlackRock initiated a stake valued at roughly $156.7 million.
• Green Plains shares fell 5.6% to $14.04. Although the company beat quarterly EPS expectations ($0.83 versus $0.54), analysts remain divided, resulting in a consensus “Hold” rating and an average price target of $15.43.

Algert Global LLC decreased its position in Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 27.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 260,910 shares of the specialty chemicals company's stock after selling 98,131 shares during the quarter. Algert Global LLC owned approximately 0.37% of Green Plains worth $4,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Green Plains during the second quarter valued at approximately $156,703,000. Jacobs Levy Equity Management Inc. bought a new position in Green Plains in the third quarter worth approximately $8,561,000. BNP Paribas Financial Markets boosted its stake in shares of Green Plains by 112.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company's stock worth $17,873,000 after acquiring an additional 966,069 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Green Plains by 155.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,114,743 shares of the specialty chemicals company's stock valued at $18,338,000 after acquiring an additional 678,515 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Green Plains by 15.9% during the 4th quarter. Vanguard Group Inc. now owns 4,696,401 shares of the specialty chemicals company's stock valued at $46,025,000 after acquiring an additional 645,170 shares during the period.

Green Plains Trading Down 5.6%

Shares of GPRE stock opened at $14.04 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99. The stock has a fifty day simple moving average of $16.03 and a two-hundred day simple moving average of $15.74. The firm has a market capitalization of $984.22 million, a PE ratio of 8.83 and a beta of 1.17. Green Plains, Inc. has a 52-week low of $8.65 and a 52-week high of $19.65.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.54 by $0.29. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.The business had revenue of $446.22 million for the quarter, compared to the consensus estimate of $542.38 million. During the same period in the previous year, the business earned ($1.09) earnings per share. On average, analysts predict that Green Plains, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oppenheimer reissued an "outperform" rating and set a $20.00 price target on shares of Green Plains in a report on Friday, May 8th. Stephens raised their price objective on Green Plains from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Friday, May 8th. Zacks Research cut Green Plains from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Green Plains from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Finally, UBS Group reissued a "neutral" rating on shares of Green Plains in a report on Tuesday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.43.

Green Plains Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.

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