Maverick Capital Ltd. Acquires 54,570 Shares of Green Plains, Inc. $GPRE

Key Points

• Maverick Capital Ltd. significantly increased its holdings in Green Plains, Inc. by 287.9% in the first quarter, owning 73,526 shares valued at $357,000.
• Green Plains reported a loss per share of ($0.41) for the last quarter, missing analysts' estimates, and experienced a revenue decline of 10.7% year-over-year.
• Analysts have mixed opinions on Green Plains, with a consensus rating of "Hold" and a target price around $8.83, while some upgraded the stock to "outperform" with a target of $14.00.

Maverick Capital Ltd. grew its stake in Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 287.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,526 shares of the specialty chemicals company's stock after purchasing an additional 54,570 shares during the quarter. Maverick Capital Ltd. owned approximately 0.11% of Green Plains worth $357,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of 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 valued at $41,000 after purchasing an additional 3,002 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Green Plains by 115.2% in the first 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 in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Green Plains by 2,313.4% in the first 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 in the last quarter. WealthPlan Investment Management LLC bought a new position in shares of Green Plains in the first quarter valued at approximately $49,000. Finally, Aigen Investment Management LP bought a new position in shares of Green Plains in the first quarter valued at approximately $51,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. 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 report on Monday, May 12th. Oppenheimer upgraded Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 price target on the stock in a report on Thursday, August 28th. Zacks Research upgraded Green Plains to a "hold" rating in a report on Monday, August 11th. Finally, Bank of America reiterated an "underperform" rating and set a $7.00 price target (up from $4.50) on shares of Green Plains in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8.83.

Green Plains Stock Performance

Shares of GPRE traded down $0.51 during mid-day trading on Friday, hitting $10.64. The stock had a trading volume of 2,234,687 shares, compared to its average volume of 2,207,757. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 0.94. Green Plains, Inc. has a 52 week low of $3.14 and a 52 week high of $14.04. The firm has a market cap of $697.66 million, a P/E ratio of -4.43 and a beta of 1.22. The business has a fifty day moving average price of $8.42 and a 200-day moving average price of $5.99.

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

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.