XTX Topco Ltd Acquires 91,443 Shares of Green Plains, Inc. (NASDAQ:GPRE)

Key Points

• XTX Topco Ltd has significantly increased its stake in Green Plains, acquiring an additional 91,443 shares for a total of 155,292 shares, worth approximately $753,000.
• Several hedge funds, including Federated Hermes Inc and Ameriprise Financial Inc, have also recently modified their holdings in Green Plains, reflecting a growing interest in the company.
• Green Plains reported a quarterly earnings miss with a loss of ($0.88) per share, falling short of analyst expectations of ($0.51), alongside a slight year-over-year revenue increase of 0.7%.

XTX Topco Ltd raised its position in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 143.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 155,292 shares of the specialty chemicals company's stock after buying an additional 91,443 shares during the period. XTX Topco Ltd owned about 0.23% of Green Plains worth $753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GPRE. Federated Hermes Inc. acquired a new stake in shares of Green Plains during the first quarter worth approximately $8,860,000. CenterBook Partners LP acquired a new position in Green Plains in the fourth quarter worth $10,940,000. Ameriprise Financial Inc. boosted its stake in Green Plains by 424.8% in the fourth quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock worth $7,624,000 after purchasing an additional 650,937 shares in the last quarter. Invesco Ltd. boosted its stake in Green Plains by 92.0% in the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock worth $9,671,000 after purchasing an additional 488,870 shares in the last quarter. Finally, Lumbard & Kellner LLC boosted its stake 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 purchasing an additional 454,882 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have commented on GPRE. Bank of America lowered Green Plains from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $10.00 to $4.50 in a research note on Tuesday, April 15th. BMO Capital Markets reduced their price objective on Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.42.

Green Plains Price Performance

Shares of GPRE opened at $7.54 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.38. The stock has a 50 day simple moving average of $6.29 and a 200 day simple moving average of $5.80. Green Plains, Inc. has a 52-week low of $3.14 and a 52-week high of $16.56. The firm has a market capitalization of $493.11 million, a PE ratio of -4.46 and a beta of 1.18.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). The company had revenue of $601.52 million during the quarter, compared to analyst estimates of $605.62 million. Green Plains had a negative return on equity of 12.76% and a negative net margin of 4.22%. Green Plains's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.81) earnings per share. Sell-side analysts predict that Green Plains, Inc. will post -0.5 EPS for the current fiscal year.

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.

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