CenterBook Partners LP Sells 493,156 Shares of Green Plains, Inc. (NASDAQ:GPRE)

Key Points

• CenterBook Partners LP has reduced its stake in Green Plains, Inc. by 42.7%, now holding 660,840 shares, which are valued at approximately $3.2 million.
• Green Plains stock is currently trading at $7.34, having experienced a 5.2% decline, with a one-year low of $3.14 and a high of $15.70.
• Analysts have issued mixed ratings on Green Plains, with one downgrade to "sell" and a consensus price target of $10.42, reflecting generally cautious sentiment towards the stock.

CenterBook Partners LP decreased its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 42.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,840 shares of the specialty chemicals company's stock after selling 493,156 shares during the quarter. CenterBook Partners LP owned 0.97% of Green Plains worth $3,205,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Dauntless Investment Group LLC purchased a new position in Green Plains in the 4th quarter worth approximately $54,000. Raiffeisen Bank International AG bought a new stake in shares of Green Plains during the 4th quarter worth $72,000. PNC Financial Services Group Inc. grew its position in Green Plains by 54.6% in the first quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 3,002 shares in the last quarter. Quinn Opportunity Partners LLC bought a new position in Green Plains in the fourth quarter valued at $96,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Green Plains by 28.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company's stock worth $108,000 after purchasing an additional 2,503 shares in the last quarter.

Green Plains Trading Up 15.7%

Shares of GPRE stock traded up $1.17 during mid-day trading on Monday, reaching $8.57. The stock had a trading volume of 2,242,641 shares, compared to its average volume of 1,834,343. The firm has a market capitalization of $560.14 million, a PE ratio of -5.07 and a beta of 1.18. The stock's 50-day moving average price is $6.62 and its two-hundred day moving average price is $5.72. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54. Green Plains, Inc. has a 52-week low of $3.14 and a 52-week high of $14.67.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The specialty chemicals company reported ($1.09) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.81). Green Plains had a negative return on equity of 12.76% and a negative net margin of 4.22%. The business had revenue of $552.83 million during the quarter, compared to analysts' expectations of $578.18 million. During the same quarter last year, the business posted ($0.38) EPS. The company's quarterly revenue was down 10.7% compared to the same quarter last year. Equities analysts expect that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on GPRE. Bank of America downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $10.00 to $4.50 in a research note on Tuesday, April 15th. BMO Capital Markets decreased their target price on shares of 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $7.30.

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.