Ameriprise Financial Inc. Has $7.62 Million Holdings in Green Plains Inc. (NASDAQ:GPRE)

Ameriprise Financial Inc. lifted its holdings in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 424.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 804,175 shares of the specialty chemicals company's stock after purchasing an additional 650,937 shares during the quarter. Ameriprise Financial Inc. owned 1.24% of Green Plains worth $7,624,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Green Plains by 433.3% in the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 2,717 shares in the last quarter. Dauntless Investment Group LLC bought a new stake in shares of Green Plains in the fourth quarter worth $54,000. KBC Group NV lifted its position in shares of Green Plains by 120.7% in the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company's stock worth $58,000 after purchasing an additional 3,320 shares in the last quarter. Cape Investment Advisory Inc. raised its position in Green Plains by 340.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock worth $67,000 after acquiring an additional 5,450 shares in the last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in Green Plains during the fourth quarter worth $96,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GPRE. UBS Group lowered shares of Green Plains from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. BMO Capital Markets dropped their price target on shares of Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a research report on Monday, May 12th. Truist Financial reaffirmed a "buy" rating and set a $12.00 price target (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Wall Street Zen lowered shares of Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group lowered shares of Green Plains from a "buy" rating to a "hold" rating and dropped their price target for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Green Plains presently has a consensus rating of "Hold" and a consensus target price of $11.93.

Green Plains Stock Performance

Shares of GPRE traded up $0.16 during trading hours on Tuesday, hitting $4.37. The company had a trading volume of 1,133,114 shares, compared to its average volume of 1,410,537. The firm has a market cap of $285.79 million, a price-to-earnings ratio of -3.21 and a beta of 1.19. The business has a fifty day moving average of $4.19 and a 200-day moving average of $7.13. Green Plains Inc. has a 12 month low of $3.14 and a 12 month high of $18.62. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

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 the consensus estimate of ($0.51) by ($0.37). The company had revenue of $601.52 million during the quarter, compared to the consensus estimate of $605.62 million. Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. Green Plains's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.81) earnings per share. Equities analysts anticipate that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

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.