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

Ameriprise Financial Inc. lifted its holdings in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 424.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 804,175 shares of the specialty chemicals company's stock after acquiring an additional 650,937 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.24% of Green Plains worth $7,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GPRE. Barclays PLC lifted its holdings in Green Plains by 71.5% during the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company's stock valued at $1,935,000 after purchasing an additional 59,564 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Green Plains by 4.1% in the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company's stock valued at $355,000 after purchasing an additional 1,488 shares during the period. Inspire Investing LLC lifted its stake in shares of Green Plains by 39.8% during the 4th quarter. Inspire Investing LLC now owns 46,241 shares of the specialty chemicals company's stock worth $438,000 after buying an additional 13,154 shares during the last quarter. KBC Group NV boosted its holdings in shares of Green Plains by 120.7% during the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company's stock worth $58,000 after buying an additional 3,320 shares during the period. Finally, Van ECK Associates Corp grew its stake in Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 2,717 shares during the last quarter.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $4.37 on Thursday. The business has a fifty day moving average price of $4.28 and a two-hundred day moving average price of $7.38. The stock has a market capitalization of $285.79 million, a PE ratio of -3.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. Green Plains Inc. has a fifty-two week low of $3.14 and a fifty-two week high of $19.80.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The company had revenue of $601.52 million during the quarter, compared to the consensus estimate of $605.62 million. During the same quarter in the previous year, the business posted ($0.81) EPS. The firm's revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GPRE. BMO Capital Markets cut their price objective on shares of Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a research report on Monday, May 12th. Bank of America cut Green Plains from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $10.00 to $4.50 in a report on Tuesday, April 15th. Truist Financial restated a "buy" rating and issued a $12.00 price target (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. UBS Group cut Green Plains from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Finally, StockNews.com cut shares of Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.93.

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.

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