XTX Topco Ltd Purchases 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 grew its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 143.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,292 shares of the specialty chemicals company's stock after acquiring an additional 91,443 shares during the period. XTX Topco Ltd owned 0.23% of Green Plains worth $753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GPRE. Federated Hermes Inc. purchased a new position in Green Plains in the 1st quarter valued at approximately $8,860,000. CenterBook Partners LP purchased a new position in shares of Green Plains in the fourth quarter valued at about $10,940,000. Invesco Ltd. increased its position in shares of Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock valued at $9,671,000 after buying an additional 488,870 shares during the period. Ameriprise Financial Inc. boosted its stake 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 in the last quarter. Finally, Lumbard & Kellner LLC boosted its stake in Green Plains by 159.4% during the first quarter. Lumbard & Kellner LLC now owns 740,323 shares of the specialty chemicals company's stock worth $3,591,000 after acquiring an additional 454,882 shares in the last quarter.

Green Plains Trading Down 1.8%

Shares of GPRE stock traded down $0.13 during trading hours on Friday, reaching $7.18. 512,532 shares of the stock were exchanged, compared to its average volume of 1,826,243. Green Plains, Inc. has a 12-month low of $3.14 and a 12-month high of $14.67. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54. The company's 50-day moving average price is $6.55 and its 200-day moving average price is $5.78. The firm has a market capitalization of $469.37 million, a price-to-earnings ratio of -4.25 and a beta of 1.18.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.37). The company had revenue of $601.52 million during the quarter, compared to analysts' expectations of $605.62 million. Green Plains had a negative net margin of 4.22% and a negative return on equity of 12.76%. Green Plains's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned ($0.81) earnings per share. As a group, equities analysts anticipate that Green Plains, Inc. will post -0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GPRE. Bank of America downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $10.00 to $4.50 in a research report on Tuesday, April 15th. BMO Capital Markets decreased their price target on shares of Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $7.30.

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.