Green Plains, Inc. $GPRE Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan cut its Green Plains stake by 97.5% in Q3, selling 1,081,521 shares and leaving 27,550 shares valued at about $242,000.
• Other institutions moved in the opposite direction—Vanguard increased to 4,051,231 shares ($35.6M) and firms like Wolf Hill, Kailix, Millennium added positions while Jacobs Levy opened a new ~$8.56M stake.
• Green Plains beat EPS estimates ($0.17 vs. $0.07) but revenue fell 26.6% year‑over‑year to $428.9M and the company reports negative net margin and ROE; the stock trades near $15.96 with a consensus rating of "Hold" and an average target of $13.29.

JPMorgan Chase & Co. lessened its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 97.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,550 shares of the specialty chemicals company's stock after selling 1,081,521 shares during the period. JPMorgan Chase & Co.'s holdings in Green Plains were worth $242,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Green Plains by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,051,231 shares of the specialty chemicals company's stock valued at $35,610,000 after buying an additional 99,242 shares in the last quarter. Wolf Hill Capital Management LP boosted its holdings in Green Plains by 19.6% in the third quarter. Wolf Hill Capital Management LP now owns 1,291,815 shares of the specialty chemicals company's stock worth $11,355,000 after acquiring an additional 211,303 shares in the last quarter. Kailix Advisors LLC grew its stake in shares of Green Plains by 41.4% during the third quarter. Kailix Advisors LLC now owns 1,155,323 shares of the specialty chemicals company's stock worth $10,155,000 after acquiring an additional 338,000 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Green Plains by 7.6% during the third quarter. Millennium Management LLC now owns 1,027,426 shares of the specialty chemicals company's stock valued at $9,031,000 after acquiring an additional 72,586 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Green Plains in the 3rd quarter valued at approximately $8,561,000.

Green Plains Trading Up 3.6%

Green Plains stock opened at $15.96 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. Green Plains, Inc. has a 12 month low of $3.14 and a 12 month high of $17.94. The stock's 50 day simple moving average is $15.23 and its two-hundred day simple moving average is $12.06. The firm has a market cap of $1.11 billion, a PE ratio of -8.44, a P/E/G ratio of 0.71 and a beta of 1.31.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.10. Green Plains had a negative net margin of 5.80% and a negative return on equity of 8.70%. The firm had revenue of $428.85 million during the quarter, compared to analyst estimates of $536.56 million. During the same period in the previous year, the firm earned ($0.86) EPS. The business's quarterly revenue was down 26.6% on a year-over-year basis. Analysts anticipate that Green Plains, Inc. will post -0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GPRE. Weiss Ratings reissued a "sell (d-)" rating on shares of Green Plains in a research report on Thursday, January 22nd. Oppenheimer raised their price target on shares of Green Plains from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Friday, February 6th. Zacks Research upgraded shares of Green Plains from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. Stephens raised shares of Green Plains from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $10.00 to $17.00 in a report on Monday, February 9th. Finally, BMO Capital Markets upped their target price on Green Plains from $14.00 to $15.00 and gave the company a "market perform" rating in a research report on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Green Plains presently has a consensus rating of "Hold" and an average target price of $13.29.

Green Plains Profile

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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