Vanguard Group Inc. Sells 916,431 Shares of Green Plains, Inc. $GPRE

Key Points

• Vanguard Group Inc. sold 916,431 shares of Green Plains, Inc., reducing its holdings by 18.8% to approximately 3.95 million shares valued at about $19.18 million.
• Green Plains reported a quarterly earnings per share of ($0.41), missing analysts' expectations, with revenue of $552.83 million, down 10.7% year-over-year.
• Analysts generally rate Green Plains as a "Hold," with a current average price target of $8.83.

Vanguard Group Inc. reduced its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 18.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,954,106 shares of the specialty chemicals company's stock after selling 916,431 shares during the quarter. Vanguard Group Inc. owned approximately 5.82% of Green Plains worth $19,177,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Federated Hermes Inc. bought a new stake in Green Plains during the first quarter worth $8,860,000. Ameriprise Financial Inc. lifted its holdings 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 worth $7,624,000 after acquiring an additional 650,937 shares during the period. Lumbard & Kellner LLC increased its position in Green Plains by 159.4% in the first quarter. Lumbard & Kellner LLC now owns 740,323 shares of the specialty chemicals company's stock worth $3,591,000 after buying an additional 454,882 shares during the last quarter. Algert Global LLC increased its position in Green Plains by 340.4% in the fourth quarter. Algert Global LLC now owns 511,295 shares of the specialty chemicals company's stock worth $4,847,000 after buying an additional 395,195 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Green Plains by 69.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 329,863 shares of the specialty chemicals company's stock worth $3,127,000 after buying an additional 135,719 shares during the last quarter.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $11.11 on Friday. The stock has a market cap of $728.48 million, a PE ratio of -4.63 and a beta of 1.18. Green Plains, Inc. has a fifty-two week low of $3.14 and a fifty-two week high of $14.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.94 and a current ratio of 1.47. The stock has a fifty day moving average of $7.90 and a 200-day moving average of $5.84.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.13). Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The business had revenue of $552.83 million for the quarter, compared to analysts' expectations of $578.18 million. During the same quarter in the previous year, the firm earned ($0.38) earnings per share. Green Plains's quarterly revenue was down 10.7% compared to the same quarter last year. Equities research analysts anticipate that Green Plains, Inc. will post -0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GPRE. Oppenheimer raised Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 target price for the company in a research report on Thursday. Zacks Research raised Green Plains to a "hold" rating in a research report on Monday, August 11th. BMO Capital Markets decreased their target price on Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a research report on Monday, May 12th. Finally, Bank of America reissued an "underperform" rating and issued a $7.00 target price (up from $4.50) on shares of Green Plains in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8.83.

Green Plains 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.

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