Goldman Sachs Group Inc. Has $4.63 Million Stock Holdings in Green Plains, Inc. $GPRE

Key Points

• Goldman Sachs Group Inc. has drastically reduced its stake in Green Plains, Inc. by selling 1,717,229 shares, resulting in a 64.3% decrease in its position during the first quarter.
• Other institutional investors have increased their holdings in Green Plains, with notable increases of 115.2% by AlphaQuest LLC and 2,313.4% by Brooklyn Investment Group in the same period.
• Green Plains reported a quarterly earnings per share of ($0.41), missing estimates and showing a 10.7% year-over-year decline in revenue to $552.83 million.

Goldman Sachs Group Inc. decreased its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 64.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 954,235 shares of the specialty chemicals company's stock after selling 1,717,229 shares during the quarter. Goldman Sachs Group Inc. owned about 1.46% of Green Plains worth $4,628,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Green Plains by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company's stock valued at $346,000 after acquiring an additional 1,596 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of 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 buying an additional 3,002 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of 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 in the last quarter. ProShare Advisors LLC increased its holdings in Green Plains by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 19,221 shares of the specialty chemicals company's stock valued at $182,000 after purchasing an additional 5,910 shares in the last quarter. Finally, GTS Securities LLC increased its holdings in Green Plains by 43.6% during the 4th quarter. GTS Securities LLC now owns 19,817 shares of the specialty chemicals company's stock valued at $188,000 after purchasing an additional 6,017 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GPRE shares. Oppenheimer raised Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 price target for the company in a report on Thursday, August 28th. Zacks Research raised Green Plains to a "hold" rating in a research note on Monday, August 11th. Finally, Bank of America reiterated an "underperform" rating and set a $7.00 target price (up previously from $4.50) on shares of Green Plains in a report on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Green Plains presently has a consensus rating of "Hold" and a consensus target price of $8.83.

Green Plains Price Performance

NASDAQ:GPRE traded down $0.63 during trading hours on Friday, reaching $9.65. 5,857,607 shares of the company were exchanged, compared to its average volume of 2,299,782. The company has a market capitalization of $632.75 million, a P/E ratio of -4.02 and a beta of 1.22. Green Plains, Inc. has a 1-year low of $3.14 and a 1-year high of $14.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 0.94. The business has a 50 day moving average of $9.01 and a 200 day moving average of $6.26.

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

Green Plains 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.