Rhumbline Advisers Trims Stake in Green Plains, Inc. (NASDAQ:GPRE)

Rhumbline Advisers lowered its stake in Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 52.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,913 shares of the specialty chemicals company's stock after selling 109,303 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Green Plains worth $480,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GPRE. Van ECK Associates Corp lifted its stake in Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 2,717 shares in the last quarter. Dauntless Investment Group LLC purchased a new position in shares of Green Plains during the 4th quarter worth $54,000. Cape Investment Advisory Inc. lifted its stake in shares of Green Plains by 340.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock worth $67,000 after purchasing an additional 5,450 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of Green Plains during the 4th quarter worth $72,000. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Green Plains during the 4th quarter worth $96,000.

Green Plains Stock Performance

NASDAQ:GPRE opened at $5.67 on Monday. The firm has a 50-day moving average of $4.29 and a two-hundred day moving average of $6.33. 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 stock has a market cap of $370.82 million, a P/E ratio of -3.36 and a beta of 1.12. Green Plains, Inc. has a 1-year low of $3.14 and a 1-year high of $18.14.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.37). The business had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. Green Plains had a negative net margin of 4.22% and a negative return on equity of 12.76%. The firm's revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.81) earnings per share. On average, research analysts expect that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GPRE. Jefferies Financial Group lowered Green Plains from a "buy" rating to a "hold" rating and reduced their price target for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. UBS Group lowered Green Plains from a "buy" rating to a "neutral" rating and cut their target price for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. BMO Capital Markets cut their target price on 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. Finally, Bank of America lowered Green Plains from a "buy" rating to a "neutral" rating and cut their target price for the stock from $10.00 to $4.50 in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Green Plains currently has an average rating of "Hold" and a consensus target price of $11.93.

About Green Plains

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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