Thomist Capital Management LP Has $1.12 Million Holdings in Green Plains Inc. (NASDAQ:GPRE)

Thomist Capital Management LP reduced its stake in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 44.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 126,033 shares of the specialty chemicals company's stock after selling 101,367 shares during the period. Thomist Capital Management LP owned approximately 0.19% of Green Plains worth $1,123,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock worth $9,671,000 after purchasing an additional 488,870 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of 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 worth $2,971,000 after purchasing an additional 8,750 shares during the last quarter. Amundi raised its stake in shares of Green Plains by 50.5% during the 4th quarter. Amundi now owns 87,231 shares of the specialty chemicals company's stock worth $872,000 after purchasing an additional 29,262 shares in the last quarter. Barclays PLC grew its stake in shares of Green Plains by 71.5% in the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company's stock valued at $1,935,000 after buying an additional 59,564 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Green Plains by 49.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 73,292 shares of the specialty chemicals company's stock worth $695,000 after buying an additional 24,290 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GPRE shares. Jefferies Financial Group lowered shares of Green Plains from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Truist Financial reaffirmed a "buy" rating and issued a $12.00 price objective (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Wall Street Zen cut Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. UBS Group cut shares of Green Plains from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Finally, Bank of America cut shares of 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 note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.93.

Green Plains Price Performance

Green Plains stock traded down $0.18 during mid-day trading on Friday, reaching $4.26. 266,780 shares of the company were exchanged, compared to its average volume of 1,402,954. The firm has a market cap of $278.27 million, a PE ratio of -3.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The company has a fifty day simple moving average of $4.25 and a 200-day simple moving average of $7.32. Green Plains Inc. has a 12 month low of $3.14 and a 12 month high of $19.58.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The firm had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. During the same quarter in the previous year, the company earned ($0.81) earnings per share. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, equities research analysts expect that Green Plains Inc. will post -0.5 earnings per share for the current fiscal 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.