Monaco Asset Management SAM Purchases 122,722 Shares of Green Plains, Inc. (NASDAQ:GPRE)

Monaco Asset Management SAM raised its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 120.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,000 shares of the specialty chemicals company's stock after purchasing an additional 122,722 shares during the quarter. Monaco Asset Management SAM owned approximately 0.33% of Green Plains worth $1,091,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd grew its position in Green Plains by 143.2% in the first quarter. XTX Topco Ltd now owns 155,292 shares of the specialty chemicals company's stock valued at $753,000 after acquiring an additional 91,443 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Green Plains in the first quarter worth approximately $8,860,000. Corton Capital Inc. acquired a new position in Green Plains in the first quarter valued at approximately $129,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Green Plains by 54.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,309 shares of the specialty chemicals company's stock valued at $128,000 after buying an additional 9,270 shares during the period. Finally, AE Wealth Management LLC acquired a new position in Green Plains in the first quarter valued at approximately $141,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GPRE shares. BMO Capital Markets decreased their price target 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. Bank of America downgraded 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 report on Tuesday, April 15th. One 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.42.

Green Plains Stock Performance

Shares of NASDAQ GPRE traded down $0.39 during trading on Friday, reaching $7.88. 1,199,797 shares of the stock traded hands, compared to its average volume of 1,851,474. Green Plains, Inc. has a 52-week low of $3.14 and a 52-week high of $17.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.38 and a quick ratio of 0.81. The company has a 50-day moving average of $6.22 and a 200-day moving average of $5.86. The stock has a market capitalization of $515.35 million, a P/E ratio of -4.66 and a beta of 1.22.

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