Green Plains, Inc. $GPRE Shares Acquired by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC nearly doubled its Green Plains stake in the second quarter, adding 143,898 shares to own 290,984 shares valued at approximately $4.48 million, or 0.42% of the company.
• Analyst sentiment remains mixed, with three Buy, three Hold, and three Sell ratings. The overall consensus is Hold, with a target price of $15.43.
• Green Plains reported quarterly EPS of $0.83, exceeding estimates of $0.54, although revenue of $446.22 million fell short of the $542.38 million consensus forecast.

Squarepoint Ops LLC increased its position in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 97.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290,984 shares of the specialty chemicals company's stock after acquiring an additional 143,898 shares during the period. Squarepoint Ops LLC owned approximately 0.42% of Green Plains worth $4,475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPRE. Nykredit A S acquired a new stake in Green Plains in the 2nd quarter valued at about $27,000. WINTON GROUP Ltd acquired a new position in shares of Green Plains in the 2nd quarter worth approximately $61,000. Quarry LP acquired a new position in shares of Green Plains in the 3rd quarter worth approximately $67,000. Aquatic Capital Management LLC bought a new stake in shares of Green Plains in the 3rd quarter worth approximately $95,000. Finally, Marex Group plc bought a new stake in shares of Green Plains in the 4th quarter worth approximately $98,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GPRE. Weiss Ratings restated a "sell (d-)" rating on shares of Green Plains in a report on Friday, July 17th. BMO Capital Markets reiterated a "market perform" rating on shares of Green Plains in a research report on Friday, August 7th. UBS Group reiterated a "neutral" rating on shares of Green Plains in a research report on Tuesday, August 25th. Zacks Research cut Green Plains from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Green Plains from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.43.

Green Plains Price Performance

GPRE opened at $14.90 on Friday. The stock has a fifty day moving average of $16.04 and a 200-day moving average of $15.82. The firm has a market capitalization of $1.04 billion, a P/E ratio of 9.37 and a beta of 1.16. Green Plains, Inc. has a 12-month low of $8.65 and a 12-month high of $19.65. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.45.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.29. The business had revenue of $446.22 million for the quarter, compared to the consensus estimate of $542.38 million. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.During the same quarter in the previous year, the company posted ($1.09) earnings per share. Equities analysts forecast that Green Plains, Inc. will post 2.04 EPS for the current fiscal year.

About Green Plains

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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