Bank of America Corp DE cut its stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 87.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,260 shares of the specialty chemicals company's stock after selling 652,994 shares during the period. Bank of America Corp DE owned approximately 0.15% of Green Plains worth $903,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. CenterBook Partners LP acquired a new position in shares of Green Plains during the 4th quarter valued at $10,940,000. Ameriprise Financial Inc. lifted its holdings in Green Plains by 424.8% in the 4th quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock worth $7,624,000 after buying an additional 650,937 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Green Plains by 92.0% in the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock worth $9,671,000 after acquiring an additional 488,870 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Green Plains in the 4th quarter valued at approximately $4,249,000. Finally, Algert Global LLC raised its position in shares of Green Plains by 340.4% in the 4th quarter. Algert Global LLC now owns 511,295 shares of the specialty chemicals company's stock valued at $4,847,000 after purchasing an additional 395,195 shares in the last quarter.
Wall Street Analysts Forecast Growth
GPRE has been the topic of several recent analyst reports. UBS Group cut shares of Green Plains from a "buy" rating to a "neutral" rating and cut their price target for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. Bank of America cut shares of Green Plains from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $10.00 to $4.50 in a report on Tuesday, April 15th. BMO Capital Markets dropped their price target on Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a research report on Monday, May 12th. Jefferies Financial Group lowered Green Plains from a "buy" rating to a "hold" rating and dropped their target price for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Green Plains has an average rating of "Hold" and an average price target of $11.93.
Check Out Our Latest Analysis on Green Plains
Green Plains Stock Up 3.2%
Green Plains stock opened at $4.17 on Friday. Green Plains Inc. has a 52 week low of $3.14 and a 52 week 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 cap of $272.71 million, a price-to-earnings ratio of -3.07 and a beta of 1.12. The company's 50-day moving average price is $4.05 and its two-hundred day moving average price is $6.78.
Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. The company had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. During the same quarter in the prior year, the business earned ($0.81) EPS. Green Plains's revenue was up .7% compared to the same quarter last year. On average, analysts expect that Green Plains Inc. will post -0.5 EPS for the current fiscal year.
Green Plains Company Profile
(
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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