Cubist Systematic Strategies LLC Purchases 281,706 Shares of Green Plains, Inc. $GPRE

Key Points

• Cubist Systematic Strategies LLC significantly increased its holdings in Green Plains, Inc. by 2,026.7%, acquiring an additional 281,706 shares, bringing its total ownership to 0.44% of the company valued at approximately $1.43 million.
• Green Plains received mixed analyst ratings, with Oppenheimer upgrading it to "outperform" with a $14.00 target, while Bank of America and BMO Capital Markets set lower target prices of $7.00.
• Green Plains reported disappointing earnings with a (0.41) EPS, which fell short of expectations, and revenue declined 10.7% year-over-year, totaling $552.83 million.

Cubist Systematic Strategies LLC boosted its stake in Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 2,026.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,606 shares of the specialty chemicals company's stock after buying an additional 281,706 shares during the period. Cubist Systematic Strategies LLC owned 0.44% of Green Plains worth $1,434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GPRE. PNC Financial Services Group Inc. lifted its stake in Green Plains by 54.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 3,002 shares in the last quarter. AlphaQuest LLC increased its position in Green Plains by 115.2% in the 1st quarter. AlphaQuest LLC now owns 8,981 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 4,808 shares during the period. Brooklyn Investment Group grew its holdings in shares of Green Plains by 2,313.4% during the 1st quarter. Brooklyn Investment Group now owns 9,340 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 8,953 shares in the last quarter. WealthPlan Investment Management LLC acquired a new stake in shares of Green Plains during the 1st quarter worth approximately $49,000. Finally, Aigen Investment Management LP acquired a new stake in Green Plains in the 1st quarter valued at $51,000.

Green Plains Trading Down 1.4%

Shares of Green Plains stock traded down $0.14 during trading hours on Friday, hitting $9.63. The company's stock had a trading volume of 1,104,251 shares, compared to its average volume of 2,088,471. Green Plains, Inc. has a 12 month low of $3.14 and a 12 month high of $14.04. The stock has a 50 day moving average of $8.76 and a 200 day moving average of $6.11. The company has a market capitalization of $631.44 million, a PE ratio of -4.01 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 0.94.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.13). Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The firm had revenue of $552.83 million for the quarter, compared to analyst estimates of $578.18 million. During the same period in the prior year, the company earned ($0.38) earnings per share. The firm's quarterly revenue was down 10.7% on a year-over-year basis. Analysts predict that Green Plains, Inc. will post -0.5 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on GPRE shares. Bank of America reaffirmed an "underperform" rating and issued a $7.00 price target (up previously from $4.50) on shares of Green Plains in a research note on Thursday, August 14th. Oppenheimer upgraded Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research report on Thursday, August 28th. Finally, Zacks Research upgraded Green Plains to a "hold" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.83.

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.