Green Plains, Inc. $GPRE Shares Sold by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS reduced its shares in Green Plains, Inc. by 14.8%, owning 371,200 shares after selling 64,600 during the second quarter.
• The company reported a net loss of ($0.41) EPS for the last quarter, falling short of analysts' expectations and reflecting a 10.7% decline in revenue year-over-year.
• Several institutional investors increased their stakes in Green Plains, with notable increases from the Public Employees Retirement System of Ohio and Brooklyn Investment Group, showcasing ongoing interest in the company's stock.

KLP Kapitalforvaltning AS trimmed its position in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 14.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 371,200 shares of the specialty chemicals company's stock after selling 64,600 shares during the period. KLP Kapitalforvaltning AS owned 0.57% of Green Plains worth $2,238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its stake in Green Plains by 46.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company's stock valued at $35,000 after purchasing an additional 1,838 shares during the period. PNC Financial Services Group Inc. boosted its stake in Green Plains by 54.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 3,002 shares during the period. AlphaQuest LLC boosted its stake in Green Plains by 115.2% during the 1st quarter. AlphaQuest LLC now owns 8,981 shares of the specialty chemicals company's stock valued at $44,000 after purchasing an additional 4,808 shares during the period. Brooklyn Investment Group boosted its stake in Green Plains by 2,313.4% during the 1st quarter. Brooklyn Investment Group now owns 9,340 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 8,953 shares during the period. Finally, Adamsbrown Wealth Consultants LLC acquired a new position in Green Plains during the 2nd quarter valued at about $60,000.

Green Plains Stock Down 4.3%

NASDAQ GPRE opened at $9.08 on Friday. 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 company's 50 day simple moving average is $9.39 and its 200 day simple moving average is $6.70. Green Plains, Inc. has a 12 month low of $3.14 and a 12 month high of $14.04. The company has a market capitalization of $595.33 million, a P/E ratio of -3.78 and a beta of 1.26.

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

Insider Activity at Green Plains

In related news, insider Michelle Mapes sold 30,954 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $9.51, for a total value of $294,372.54. Following the sale, the insider directly owned 60,558 shares in the company, valued at $575,906.58. The trade was a 33.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on GPRE shares. Zacks Research raised shares of Green Plains to a "hold" rating in a research note on Monday, August 11th. Oppenheimer raised shares of Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 target price for the company in a research note on Thursday, August 28th. Tudor Pickering raised shares of Green Plains from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Bank of America reaffirmed an "underperform" rating and issued a $7.00 price target (up from $4.50) on shares of Green Plains in a research note on Thursday, August 14th. Finally, Tudor, Pickering, Holt & Co. raised shares of Green Plains from a "hold" rating to a "buy" rating and set a $14.00 price target for the company in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Green Plains presently has an average rating of "Hold" and a consensus price target of $9.57.

Green Plains Company 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.

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