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 purchased a new stake in Green Plains, Inc. (NASDAQ:GPRE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPRE. Federated Hermes Inc. bought a new stake in Green Plains in the 1st quarter valued at $8,860,000. Ameriprise Financial Inc. increased its holdings 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. Lumbard & Kellner LLC increased its holdings in Green Plains by 159.4% in the 1st quarter. Lumbard & Kellner LLC now owns 740,323 shares of the specialty chemicals company's stock valued at $3,591,000 after buying an additional 454,882 shares during the period. Broad Bay Capital Management LP grew its holdings in shares of Green Plains by 16.1% in the 1st quarter. Broad Bay Capital Management LP now owns 2,566,086 shares of the specialty chemicals company's stock worth $12,446,000 after purchasing an additional 355,685 shares during the last quarter. Finally, Nexpoint Asset Management L.P. grew its holdings in shares of Green Plains by 805.5% in the 1st quarter. Nexpoint Asset Management L.P. now owns 382,563 shares of the specialty chemicals company's stock worth $1,855,000 after purchasing an additional 340,313 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GPRE shares. Bank of America reaffirmed an "underperform" rating and issued a $7.00 target price (up previously from $4.50) on shares of Green Plains in a report on Thursday, August 14th. Zacks Research raised shares of Green Plains to a "hold" rating in a report on Monday, August 11th. Finally, Oppenheimer raised shares of Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $8.83.

Green Plains Price Performance

NASDAQ:GPRE traded down $0.14 during mid-day trading on Friday, reaching $9.63. 1,104,251 shares of the company were exchanged, compared to its average volume of 2,088,471. Green Plains, Inc. has a 12 month low of $3.14 and a 12 month high of $14.04. The company has a fifty day moving average of $8.76 and a 200 day moving average of $6.11. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The stock has a market cap of $631.44 million, a PE ratio of -4.01 and a beta of 1.22.

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