1,826,755 Shares in Green Plains, Inc. (NASDAQ:GPRE) Bought by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. has acquired a new stake in Green Plains, Inc. valued at approximately $8.86 million, owning about 2.69% of the company as of the most recent reporting period.
• Green Plains reported a loss of $0.88 EPS for the latest quarter, missing analysts' expectations, with revenues slightly below forecasts at $601.52 million.
• Recent analyst ratings have downgraded Green Plains, with Bank of America reducing its target price from $10.00 to $4.50, reflecting a more cautious outlook on the company’s performance.

Federated Hermes Inc. bought a new position in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,826,755 shares of the specialty chemicals company's stock, valued at approximately $8,860,000. Federated Hermes Inc. owned approximately 2.69% of Green Plains at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dauntless Investment Group LLC bought a new position in shares of Green Plains in the 4th quarter valued at about $54,000. M&T Bank Corp bought a new position in shares of Green Plains in the 1st quarter valued at about $58,000. Raiffeisen Bank International AG bought a new position in shares of Green Plains in the 4th quarter valued at about $72,000. Quinn Opportunity Partners LLC bought a new position in shares of Green Plains in the 4th quarter valued at about $96,000. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Green Plains by 28.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company's stock valued at $108,000 after acquiring an additional 2,503 shares in the last quarter.

Green Plains Price Performance

Shares of NASDAQ GPRE traded up $0.21 during midday trading on Tuesday, reaching $7.75. 1,468,454 shares of the company were exchanged, compared to its average volume of 1,843,836. The stock's 50-day moving average price is $6.29 and its 200-day moving average price is $5.80. The stock has a market cap of $506.84 million, a P/E ratio of -4.59 and a beta of 1.18. Green Plains, Inc. has a one year low of $3.14 and a one year high of $16.46. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). The company had revenue of $601.52 million for the quarter, compared to the consensus estimate of $605.62 million. Green Plains had a negative return on equity of 12.76% and a negative net margin of 4.22%. The business's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.81) EPS. On average, sell-side analysts anticipate that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GPRE has been the subject of several analyst reports. BMO Capital Markets decreased 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. Bank of America cut Green Plains from a "buy" rating to a "neutral" rating and decreased 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.42.

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.