Arrowstreet Capital Limited Partnership Buys New Stake in Green Plains, Inc. $GPRE

Key Points

• Arrowstreet Capital bought 70,871 Green Plains shares worth approximately $1.17 million, representing a 0.10% stake. Several other institutional investors also initiated positions in the company.
• Green Plains reported quarterly EPS of $0.83, beating the $0.54 consensus estimate, but revenue of $446.2 million fell short of the $542.4 million forecast. Analysts expect full-year EPS of $1.83.
• Wall Street’s overall view remains cautious, with an average rating of “Hold” and a consensus price target of $15.43; GPRE opened at $15.20 and has traded between $7.07 and $19.65 over the past year.

Arrowstreet Capital Limited Partnership purchased a new stake in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,871 shares of the specialty chemicals company's stock, valued at approximately $1,166,000. Arrowstreet Capital Limited Partnership owned 0.10% of Green Plains at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. WINTON GROUP Ltd bought a new stake in Green Plains in the 2nd quarter valued at $61,000. Quarry LP bought a new position in shares of Green Plains during the 3rd quarter worth about $67,000. Aquatic Capital Management LLC bought a new position in shares of Green Plains during the 3rd quarter worth about $95,000. Marex Group plc acquired a new stake in shares of Green Plains during the 4th quarter valued at about $98,000. Finally, Virtus Advisers LLC bought a new stake in Green Plains in the fourth quarter valued at about $98,000.

Green Plains Stock Down 7.8%

Shares of GPRE stock opened at $15.20 on Friday. Green Plains, Inc. has a 52-week low of $7.07 and a 52-week high of $19.65. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -46.06 and a beta of 1.17. The firm's 50-day moving average is $15.96 and its 200-day moving average is $15.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.27 and a current ratio of 1.71.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.29. The business had revenue of $446.22 million during the quarter, compared to the consensus estimate of $542.38 million. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.During the same quarter last year, the firm posted ($1.09) EPS. Sell-side analysts predict that Green Plains, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

GPRE has been the topic of several analyst reports. Stephens upped their price objective on Green Plains from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Friday, May 8th. Zacks Research cut Green Plains from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Oppenheimer reissued an "outperform" rating and set a $20.00 price objective on shares of Green Plains in a report on Friday, May 8th. Wall Street Zen downgraded shares of Green Plains from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 12th. Finally, UBS Group increased their target price on shares of Green Plains from $12.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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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