Green Plains, Inc. (NASDAQ:GPRE) Shares Acquired by Lumbard & Kellner LLC

Lumbard & Kellner LLC lifted its position in Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 159.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 740,323 shares of the specialty chemicals company's stock after buying an additional 454,882 shares during the quarter. Green Plains makes up 1.6% of Lumbard & Kellner LLC's investment portfolio, making the stock its 23rd largest holding. Lumbard & Kellner LLC owned approximately 1.14% of Green Plains worth $3,591,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GPRE. Van ECK Associates Corp increased its stake in Green Plains by 433.3% during the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 2,717 shares during the period. New York State Teachers Retirement System grew its stake in shares of Green Plains by 4.7% in the fourth quarter. New York State Teachers Retirement System now owns 65,154 shares of the specialty chemicals company's stock worth $618,000 after acquiring an additional 2,900 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Green Plains by 2.9% in the fourth quarter. Rhumbline Advisers now owns 208,216 shares of the specialty chemicals company's stock worth $1,974,000 after acquiring an additional 5,830 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Green Plains by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company's stock worth $2,971,000 after acquiring an additional 8,750 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Green Plains by 36.1% in the fourth quarter. Ieq Capital LLC now owns 15,018 shares of the specialty chemicals company's stock worth $142,000 after acquiring an additional 3,982 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GPRE shares. UBS Group downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. BMO Capital Markets cut their price target on Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a report on Monday, May 12th. Jefferies Financial Group downgraded Green Plains from a "buy" rating to a "hold" rating and cut their price target for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. Finally, Bank of America downgraded Green Plains from a "buy" rating to a "neutral" rating and cut their price target for the stock from $10.00 to $4.50 in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.93.

Green Plains Stock Up 0.4%

NASDAQ GPRE traded up $0.02 during trading hours on Friday, hitting $5.67. 3,721,896 shares of the company were exchanged, compared to its average volume of 1,464,143. The company has a 50 day moving average of $4.29 and a two-hundred day moving average of $6.33. The firm has a market cap of $370.82 million, a price-to-earnings ratio of -3.36 and a beta of 1.12. Green Plains, Inc. has a 52-week low of $3.14 and a 52-week high of $18.14. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.37). The business had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. Green Plains had a negative return on equity of 12.76% and a negative net margin of 4.22%. The company's revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.81) earnings per share. Equities research analysts anticipate that Green Plains, Inc. will post -0.5 earnings per share 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.