Voleon Capital Management LP Takes $358,000 Position in Green Plains, Inc. $GPRE

Key Points

• Voleon Capital Management LP has acquired a significant number of shares (73,848) in Green Plains, Inc., valued at approximately $358,000, during the first quarter of this year.
• Several other institutional investors have also increased their stakes in Green Plains, with PNC Financial Services raising its position by 54.6%.
• Analysts have mixed views on Green Plains, with ratings varying from "underperform" to "outperform," and a consensus target price of $8.83 indicating cautious optimism in the stock's performance.

Voleon Capital Management LP bought a new stake in Green Plains, Inc. (NASDAQ:GPRE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 73,848 shares of the specialty chemicals company's stock, valued at approximately $358,000. Voleon Capital Management LP owned 0.11% of Green Plains at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GPRE. Price T Rowe Associates Inc. MD increased its holdings in shares of Green Plains by 49.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 73,292 shares of the specialty chemicals company's stock valued at $695,000 after acquiring an additional 24,290 shares during the period. Ameriprise Financial Inc. increased its stake in Green Plains by 424.8% in the 4th quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock valued at $7,624,000 after buying an additional 650,937 shares during the period. BNP Paribas Financial Markets increased its stake in Green Plains by 48.4% in the 4th quarter. BNP Paribas Financial Markets now owns 82,043 shares of the specialty chemicals company's stock valued at $778,000 after buying an additional 26,776 shares during the period. Deutsche Bank AG increased its stake in Green Plains by 57.5% in the 4th quarter. Deutsche Bank AG now owns 65,607 shares of the specialty chemicals company's stock valued at $622,000 after buying an additional 23,946 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Green Plains in the 4th quarter valued at $2,807,000.

Green Plains Stock Up 2.4%

Shares of Green Plains stock traded up $0.24 on Monday, hitting $9.87. 495,209 shares of the company's stock traded hands, compared to its average volume of 1,885,454. The firm's 50-day moving average is $8.76 and its 200 day moving average is $6.12. Green Plains, Inc. has a 52-week low of $3.14 and a 52-week high of $14.04. The stock has a market cap of $646.80 million, a P/E ratio of -4.11 and a beta of 1.22. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.58.

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

Analysts Set New Price Targets

GPRE has been the topic of several recent research reports. Oppenheimer raised shares of Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a research note on Thursday, August 28th. Bank of America restated an "underperform" rating and set a $7.00 target price (up from $4.50) on shares of Green Plains in a research report on Thursday, August 14th. Finally, Zacks Research upgraded shares of Green Plains to a "hold" rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.83.

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.