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Bank of America Corp DE Sells 652,994 Shares of Green Plains Inc. (NASDAQ:GPRE)

Green Plains logo with Basic Materials background

Bank of America Corp DE lessened its holdings in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 87.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,260 shares of the specialty chemicals company's stock after selling 652,994 shares during the quarter. Bank of America Corp DE owned 0.15% of Green Plains worth $903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 2,717 shares during the period. Dauntless Investment Group LLC bought a new stake in shares of Green Plains in the 4th quarter worth about $54,000. KBC Group NV grew its holdings in shares of Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company's stock worth $58,000 after purchasing an additional 3,320 shares during the last quarter. Cape Investment Advisory Inc. grew its holdings in shares of Green Plains by 340.6% in the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock worth $67,000 after purchasing an additional 5,450 shares during the last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of Green Plains in the 4th quarter worth about $96,000.

Green Plains Price Performance

Shares of GPRE remained flat at $4.59 during midday trading on Wednesday. The stock had a trading volume of 1,142,807 shares, compared to its average volume of 1,421,024. Green Plains Inc. has a 12 month low of $3.14 and a 12 month high of $18.14. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $300.18 million, a P/E ratio of -3.37 and a beta of 1.12. The firm has a fifty day moving average of $4.05 and a 200 day moving average of $6.64.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The firm had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. During the same period in the prior year, the business posted ($0.81) EPS. The firm's quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GPRE shares. UBS Group downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Bank of America cut Green Plains from a "buy" rating to a "neutral" rating and lowered their price target for the company from $10.00 to $4.50 in a research note on Tuesday, April 15th. Jefferies Financial Group cut Green Plains from a "buy" rating to a "hold" rating and lowered their target price for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Truist Financial reaffirmed a "buy" rating and set a $12.00 price target (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, BMO Capital Markets cut their price objective on Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Green Plains has an average rating of "Hold" and an average target price of $11.93.

View Our Latest Research Report on GPRE

About Green Plains

(Free Report)

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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Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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