Assenagon Asset Management S.A. Has $279,000 Position in Green Plains, Inc. (NASDAQ:GPRE)

Assenagon Asset Management S.A. lowered its position in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 91.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,618 shares of the specialty chemicals company's stock after selling 646,507 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of Green Plains worth $279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock worth $32,000 after acquiring an additional 2,717 shares during the last quarter. Dauntless Investment Group LLC bought a new stake in Green Plains in the fourth quarter valued at about $54,000. Cape Investment Advisory Inc. increased its holdings in Green Plains by 340.6% in the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock valued at $67,000 after purchasing an additional 5,450 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in Green Plains in the fourth quarter valued at about $72,000. Finally, Quinn Opportunity Partners LLC bought a new stake in Green Plains in the fourth quarter valued at about $96,000.

Green Plains Trading Down 1.8%

NASDAQ:GPRE traded down $0.10 on Monday, reaching $5.57. The company's stock had a trading volume of 1,501,394 shares, compared to its average volume of 1,464,292. Green Plains, Inc. has a 1-year low of $3.14 and a 1-year high of $18.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.38. The firm has a market cap of $364.28 million, a PE ratio of -3.30 and a beta of 1.12. The business's 50-day moving average price is $4.32 and its two-hundred day moving average price is $6.29.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted 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 firm had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. Green Plains had a negative return on equity of 12.76% and a negative net margin of 4.22%. The firm's quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.81) earnings per share. Equities research analysts anticipate that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on GPRE. Jefferies Financial Group downgraded Green Plains from a "buy" rating to a "hold" rating and dropped their price objective for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. BMO Capital Markets dropped their price objective on Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a report on Monday, May 12th. UBS Group downgraded Green Plains from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. Finally, Bank of America downgraded Green Plains from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $10.00 to $4.50 in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Green Plains has an average rating of "Hold" and a consensus price target of $11.93.

About Green Plains

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.