Nuveen LLC Makes New $1.11 Million Investment in Green Plains, Inc. $GPRE

Nuveen LLC acquired a new position in Green Plains, Inc. (NASDAQ:GPRE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 228,526 shares of the specialty chemicals company's stock, valued at approximately $1,108,000. Nuveen LLC owned about 0.34% of Green Plains as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP purchased a new stake in Green Plains during the 1st quarter worth approximately $51,000. WealthPlan Investment Management LLC purchased a new stake in Green Plains during the 1st quarter worth approximately $49,000. Charles Schwab Investment Management Inc. grew its position in Green Plains by 13.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,590,954 shares of the specialty chemicals company's stock worth $7,716,000 after purchasing an additional 189,478 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Green Plains by 54.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 3,002 shares during the last quarter. Finally, Monaco Asset Management SAM grew its position in Green Plains by 120.0% during the 1st quarter. Monaco Asset Management SAM now owns 225,000 shares of the specialty chemicals company's stock worth $1,091,000 after purchasing an additional 122,722 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GPRE shares. BMO Capital Markets dropped 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. Zacks Research upgraded shares of Green Plains to a "hold" rating in a report on Monday, August 11th. Bank of America reaffirmed an "underperform" rating and issued a $7.00 price objective (up from $4.50) on shares of Green Plains in a report on Thursday, August 14th. Finally, Oppenheimer raised shares of Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.83.

Green Plains Stock Performance

GPRE traded down $0.46 on Friday, reaching $10.70. The stock had a trading volume of 1,255,248 shares, compared to its average volume of 1,886,062. Green Plains, Inc. has a 12-month low of $3.14 and a 12-month high of $14.04. The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.58. The business's 50-day moving average price is $8.33 and its two-hundred day moving average price is $5.96. The company has a market cap of $701.27 million, a P/E ratio of -4.46 and a beta of 1.22.

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 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 firm had revenue of $552.83 million during the quarter, compared to analysts' expectations of $578.18 million. During the same period in the previous year, the firm posted ($0.38) EPS. The firm's quarterly revenue was down 10.7% on a year-over-year basis. Sell-side analysts forecast that Green Plains, Inc. will post -0.5 earnings per share for the current year.

Green Plains 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.