Northern Trust Corp trimmed its position in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 844,811 shares of the specialty chemicals company's stock after selling 171,449 shares during the quarter. Northern Trust Corp owned about 1.31% of Green Plains worth $8,009,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of Green Plains by 433.3% in the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 2,717 shares during the period. Dauntless Investment Group LLC purchased a new position in shares of Green Plains during the 4th quarter valued at $54,000. KBC Group NV boosted its holdings in 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 buying an additional 3,320 shares during the period. Cape Investment Advisory Inc. boosted its holdings in 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 buying an additional 5,450 shares during the period. Finally, Quinn Opportunity Partners LLC purchased a new stake in Green Plains in the 4th quarter worth $96,000.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Truist Financial restated a "buy" rating and issued a $12.00 price target (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. BMO Capital Markets reduced their price objective 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. Bank of America downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $10.00 to $4.50 in a report on Tuesday, April 15th. Finally, UBS Group downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and reduced their price target for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $11.93.
Read Our Latest Analysis on GPRE
Green Plains Price Performance
Shares of Green Plains stock traded down $0.22 during trading hours on Friday, reaching $4.21. The company's stock had a trading volume of 1,139,357 shares, compared to its average volume of 1,411,647. The firm has a 50 day moving average price of $4.23 and a 200-day moving average price of $7.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The stock has a market cap of $275.33 million, a P/E ratio of -3.10 and a beta of 1.19. Green Plains Inc. has a one year low of $3.14 and a one year high of $18.62.
Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing the consensus estimate 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 company had revenue of $601.52 million during the quarter, compared to analysts' expectations of $605.62 million. During the same quarter in the prior year, the business posted ($0.81) EPS. The company's revenue was up .7% on a year-over-year basis. On average, analysts predict that Green Plains Inc. will post -0.5 EPS for the current year.
Green Plains 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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