UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Green Plains, Inc. $GPRE

Key Points

• UBS Asset Management increased its Green Plains stake by 8,139.7% in the second quarter, acquiring 93,362 additional shares and bringing its total holdings to 94,509 shares valued at approximately $1.45 million.
• Green Plains reported quarterly EPS of $0.83, beating estimates of $0.54, although revenue of $446.2 million fell short of the $542.4 million consensus forecast.
• Shares opened at $14.90, down 2.9%, while analysts remained divided; the stock has a consensus “Hold” rating and an average price target of $15.43.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 8,139.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,509 shares of the specialty chemicals company's stock after purchasing an additional 93,362 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Green Plains worth $1,454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new position in Green Plains during the 2nd quarter valued at about $61,000. Quarry LP acquired a new stake in Green Plains in the third quarter worth about $67,000. Aquatic Capital Management LLC acquired a new stake in Green Plains in the third quarter worth about $95,000. Marex Group plc acquired a new stake in Green Plains in the fourth quarter worth about $98,000. Finally, Virtus Advisers LLC purchased a new stake in shares of Green Plains during the fourth quarter worth about $98,000.

Green Plains Stock Down 2.9%

Green Plains stock opened at $14.90 on Friday. The business's 50-day simple moving average is $16.04 and its two-hundred day simple moving average is $15.82. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99. The company has a market cap of $1.04 billion, a PE ratio of 9.37 and a beta of 1.16. Green Plains, Inc. has a fifty-two week low of $8.65 and a fifty-two week high of $19.65.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.29. The firm had revenue of $446.22 million during the quarter, compared to analysts' expectations of $542.38 million. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.During the same period last year, the business posted ($1.09) earnings per share. Equities analysts anticipate that Green Plains, Inc. will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GPRE. Weiss Ratings restated a "sell (d-)" rating on shares of Green Plains in a report on Friday, July 17th. Wall Street Zen upgraded shares of Green Plains from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of Green Plains from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. BMO Capital Markets restated a "market perform" rating on shares of Green Plains in a research note on Friday, August 7th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Green Plains in a report on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.43.

Green Plains Company Profile

Green Plains Inc NASDAQ: GPRE is an agtech and biorefining company that converts sustainably sourced agricultural commodities, primarily corn, into value-added products. Its operations produce renewable ethanol, which is used as a transportation fuel and fuel additive, along with distillers grains and other feed ingredients for livestock and poultry markets.

The company also produces renewable corn oil for feed and fuel applications and develops higher-protein ingredients designed for animal nutrition and other specialty markets.

Want to see what other hedge funds are holding GPRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Plains, Inc. (NASDAQ:GPRE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.