Green Plains, Inc. $GPRE Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Green Plains, Inc. by 13.5%, owning about 2.34% of the company, worth approximately $7.7 million.
• Green Plains stock price rose by 7.4%, with shares opening at $10.11, following an earnings report that showed a loss of ($0.41) EPS.
• Analysts have mixed ratings on Green Plains, with a consensus target price of $7.80, reflecting a "Hold" rating from the majority of equity research analysts.

Charles Schwab Investment Management Inc. grew its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 13.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,590,954 shares of the specialty chemicals company's stock after purchasing an additional 189,478 shares during the period. Charles Schwab Investment Management Inc. owned about 2.34% of Green Plains worth $7,716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in Green Plains by 54.6% during the first quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 3,002 shares during the period. Monaco Asset Management SAM increased its stake in shares of Green Plains by 120.0% during the first quarter. Monaco Asset Management SAM now owns 225,000 shares of the specialty chemicals company's stock worth $1,091,000 after buying an additional 122,722 shares during the period. XTX Topco Ltd increased its stake in shares of Green Plains by 143.2% during the first quarter. XTX Topco Ltd now owns 155,292 shares of the specialty chemicals company's stock worth $753,000 after buying an additional 91,443 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Green Plains during the first quarter worth approximately $8,860,000. Finally, Corton Capital Inc. purchased a new stake in shares of Green Plains during the first quarter worth approximately $129,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a research note on Monday, May 12th. Bank of America restated an "underperform" rating and set a $7.00 target price (up from $4.50) on shares of Green Plains in a research note on Thursday, August 14th. Oppenheimer upgraded shares of Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research note on Thursday. Finally, Zacks Research upgraded shares of Green Plains to a "hold" rating in a research note on Monday, August 11th. 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $8.83.

Green Plains Stock Up 0.1%

Green Plains stock traded up $0.01 during mid-day trading on Monday, hitting $11.11. The company had a trading volume of 2,692,455 shares, compared to its average volume of 2,090,848. The stock has a market cap of $728.48 million, a price-to-earnings ratio of -4.63 and a beta of 1.21. Green Plains, Inc. has a 1 year low of $3.14 and a 1 year high of $14.67. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $7.90 and a 200 day moving average of $5.83.

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