Tudor Investment Corp ET AL Makes New $3.35 Million Investment in Green Plains, Inc. $GPRE

Key Points

• Tudor Investment Corp bought a new position of 381,254 shares of Green Plains (GPRE) in Q3, valued at about $3.35 million, representing roughly 0.55% ownership.
• Other institutional activity included a new $8.56 million position from Jacobs Levy and an increased stake from XTX Topco, indicating rising hedge fund interest in GPRE.
• Analysts are mixed with an average rating of Hold and an average price target of $13.29, even as some firms raised targets (Oppenheimer $16, Stephens $17); the stock trades around $15.23, has a negative P/E, beat EPS estimates last quarter but reported a 26.6% year-over-year revenue decline and a projected -0.5 EPS for the fiscal year.

Tudor Investment Corp ET AL acquired a new position in Green Plains, Inc. (NASDAQ:GPRE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 381,254 shares of the specialty chemicals company's stock, valued at approximately $3,351,000. Tudor Investment Corp ET AL owned approximately 0.55% of Green Plains as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. purchased a new position in Green Plains in the third quarter worth $8,561,000. Caxton Associates LLP purchased a new position in Green Plains in the third quarter worth $488,000. PharVision Advisers LLC purchased a new position in shares of Green Plains in the third quarter valued at $408,000. XTX Topco Ltd increased its position in shares of Green Plains by 8.6% in the third quarter. XTX Topco Ltd now owns 148,955 shares of the specialty chemicals company's stock valued at $1,309,000 after buying an additional 11,848 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Green Plains in the third quarter valued at $67,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GPRE shares. Weiss Ratings restated a "sell (d-)" rating on shares of Green Plains in a research report on Thursday, January 22nd. Zacks Research upgraded Green Plains from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Wall Street Zen cut Green Plains from a "buy" rating to a "hold" rating in a research report on Saturday, April 4th. Oppenheimer raised their price target on Green Plains from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Friday, February 6th. Finally, Stephens upgraded Green Plains from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $10.00 to $17.00 in a research report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $13.29.

Green Plains Trading Up 0.1%

Green Plains stock opened at $15.23 on Friday. The stock has a market cap of $1.06 billion, a PE ratio of -8.06, a P/E/G ratio of 0.70 and a beta of 1.31. The stock has a 50-day moving average price of $14.96 and a 200 day moving average price of $11.88. Green Plains, Inc. has a 52 week low of $3.14 and a 52 week high of $17.94. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The specialty chemicals company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.10. The firm had revenue of $428.85 million during the quarter, compared to analysts' expectations of $536.56 million. Green Plains had a negative return on equity of 8.70% and a negative net margin of 5.80%.The firm's quarterly revenue was down 26.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.86) EPS. Equities research analysts predict that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

About Green Plains

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.

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