Public Employees Retirement System of Ohio Takes $1.75 Million Position in Green Plains, Inc. $GPRE

Key Points

• Public Employees Retirement System of Ohio acquired 113,806 Green Plains shares worth approximately $1.75 million, representing about 0.16% of the company.
• Several other institutional investors also initiated positions during the second quarter, including Bank of America with an investment valued at roughly $14.5 million.
• Green Plains reported quarterly EPS of $0.83, beating the $0.54 consensus estimate, though revenue of $446.2 million fell short of expectations. Analysts have a consensus “Hold” rating and an average price target of $15.43.

Public Employees Retirement System of Ohio bought a new position in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 113,806 shares of the specialty chemicals company's stock, valued at approximately $1,750,000. Public Employees Retirement System of Ohio owned about 0.16% of Green Plains at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE bought a new position in shares of Green Plains in the second quarter valued at about $14,546,000. Man Group plc acquired a new position in Green Plains in the 2nd quarter valued at about $2,542,000. Jupiter Topco LLC bought a new position in Green Plains in the 2nd quarter valued at about $397,000. J. Goldman & Co LP bought a new position in Green Plains in the 2nd quarter valued at about $2,115,000. Finally, Hsbc Holdings PLC acquired a new stake in Green Plains during the second quarter worth approximately $561,000.

Green Plains Price Performance

Shares of GPRE opened at $15.45 on Monday. The stock's 50-day moving average price is $16.04 and its two-hundred day moving average price is $15.77. Green Plains, Inc. has a 12 month low of $8.65 and a 12 month high of $19.65. The company has a market capitalization of $1.08 billion, a PE ratio of 9.72 and a beta of 1.16. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.29. The company had revenue of $446.22 million during the quarter, compared to the consensus estimate of $542.38 million. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.During the same period last year, the company earned ($1.09) earnings per share. On average, analysts anticipate that Green Plains, Inc. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Zacks Research lowered shares of Green Plains from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Green Plains in a report on Friday, August 7th. UBS Group reiterated a "neutral" rating on shares of Green Plains in a research report on Tuesday, August 25th. Weiss Ratings reissued a "sell (d-)" rating on shares of Green Plains in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded Green Plains from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Green Plains presently has a consensus rating of "Hold" and an average target price of $15.43.

Green Plains Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.