Rhumbline Advisers Decreases Stock Position in Green Plains, Inc. (NASDAQ:GPRE)

Rhumbline Advisers lessened its holdings in shares of 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 Securities and Exchange Commission (SEC). The firm owned 98,913 shares of the specialty chemicals company's stock after selling 109,303 shares during the period. Rhumbline Advisers owned about 0.15% of Green Plains worth $480,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GPRE. Van ECK Associates Corp increased its holdings in Green Plains by 433.3% during the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 2,717 shares during the period. New York State Teachers Retirement System increased its holdings in Green Plains by 4.7% during the 4th quarter. New York State Teachers Retirement System now owns 65,154 shares of the specialty chemicals company's stock valued at $618,000 after purchasing an additional 2,900 shares during the period. Principal Financial Group Inc. boosted its position in Green Plains by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company's stock valued at $2,971,000 after acquiring an additional 8,750 shares in the last quarter. Ieq Capital LLC boosted its position in Green Plains by 36.1% during the 4th quarter. Ieq Capital LLC now owns 15,018 shares of the specialty chemicals company's stock valued at $142,000 after acquiring an additional 3,982 shares in the last quarter. Finally, Cape Investment Advisory Inc. boosted its position in 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 valued at $67,000 after acquiring an additional 5,450 shares in the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on GPRE. Bank of America cut Green Plains from a "buy" rating to a "neutral" rating and cut their price objective for the company from $10.00 to $4.50 in a research report on Tuesday, April 15th. BMO Capital Markets cut their price objective 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. Jefferies Financial Group cut Green Plains from a "buy" rating to a "hold" rating and cut their price objective for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. Finally, UBS Group cut Green Plains from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.50 to $7.00 in a research report on Tuesday, March 4th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $11.93.

Green Plains Stock Down 1.4%

Shares of GPRE traded down $0.08 during mid-day trading on Thursday, reaching $5.69. The company had a trading volume of 856,283 shares, compared to its average volume of 1,465,916. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.38. The firm has a 50-day moving average price of $4.41 and a 200 day moving average price of $6.28. Green Plains, Inc. has a 52 week low of $3.14 and a 52 week high of $18.14. The company has a market capitalization of $372.13 million, a price-to-earnings ratio of -3.37 and a beta of 1.12.

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