Invesco Ltd. grew its stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 92.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,020,129 shares of the specialty chemicals company's stock after purchasing an additional 488,870 shares during the period. Invesco Ltd. owned approximately 1.58% of Green Plains worth $9,671,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Barclays PLC boosted its position in Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company's stock worth $1,935,000 after purchasing an additional 59,564 shares in the last quarter. GAMMA Investing LLC grew its stake in Green Plains by 1,207.7% during the fourth quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company's stock worth $133,000 after buying an additional 12,959 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Green Plains by 1,122.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company's stock worth $6,675,000 after purchasing an additional 646,507 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Green Plains by 4.1% during the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company's stock worth $355,000 after purchasing an additional 1,488 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Green Plains by 39.8% during the fourth quarter. Inspire Investing LLC now owns 46,241 shares of the specialty chemicals company's stock worth $438,000 after purchasing an additional 13,154 shares in the last quarter.
Green Plains Price Performance
Shares of NASDAQ GPRE traded down $0.05 during trading on Tuesday, hitting $3.66. The company had a trading volume of 71,885 shares, compared to its average volume of 1,374,167. The company has a market cap of $236.58 million, a P/E ratio of -2.67 and a beta of 1.20. Green Plains Inc. has a 52 week low of $3.14 and a 52 week high of $21.81. The business's 50-day moving average is $4.74 and its 200 day moving average is $8.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48.
Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same quarter in the previous year, the firm earned $0.13 EPS. Equities research analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on GPRE. UBS Group cut shares of Green Plains from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Bank of America cut shares of Green Plains from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $10.00 to $4.50 in a report on Tuesday, April 15th. Jefferies Financial Group cut shares of Green Plains from a "buy" rating to a "hold" rating and dropped their target price for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. StockNews.com cut shares of Green Plains from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Finally, BMO Capital Markets dropped their target price on shares of Green Plains from $13.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $16.50.
Get Our Latest Stock Report on GPRE
About Green Plains
(
Free Report)
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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