Thomist Capital Management LP Trims Holdings in Green Plains Inc. (NASDAQ:GPRE)

Thomist Capital Management LP decreased its stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 44.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,033 shares of the specialty chemicals company's stock after selling 101,367 shares during the quarter. Thomist Capital Management LP owned approximately 0.19% of Green Plains worth $1,123,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GPRE. CenterBook Partners LP purchased a new stake in shares of Green Plains during the 4th quarter valued at about $10,940,000. Ameriprise Financial Inc. raised its position in Green Plains by 424.8% during the fourth quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock valued at $7,624,000 after purchasing an additional 650,937 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company's stock valued at $6,675,000 after purchasing an additional 646,507 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Green Plains by 92.0% in the 4th quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock valued at $9,671,000 after purchasing an additional 488,870 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Green Plains in the 4th quarter worth approximately $4,249,000.

Green Plains Trading Down 7.2%

Shares of NASDAQ GPRE traded down $0.34 during mid-day trading on Wednesday, reaching $4.37. The company had a trading volume of 1,379,702 shares, compared to its average volume of 1,406,225. The stock has a market cap of $285.79 million, a price-to-earnings ratio of -3.21 and a beta of 1.19. Green Plains Inc. has a 52 week low of $3.14 and a 52 week high of $19.80. The business's 50-day moving average is $4.28 and its 200-day moving average is $7.38. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced 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). The firm had revenue of $601.52 million for the quarter, compared to analysts' expectations of $605.62 million. Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.81) EPS. Equities analysts expect that Green Plains Inc. will post -0.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on GPRE. UBS Group lowered Green Plains from a "buy" rating to a "neutral" rating and decreased their price target for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. Jefferies Financial Group downgraded shares of Green Plains from a "buy" rating to a "hold" rating and reduced their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. StockNews.com lowered shares of Green Plains from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Truist Financial reiterated a "buy" rating and set a $12.00 price target (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, BMO Capital Markets decreased their price objective on shares of Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.