272 Capital LP Has $1.29 Million Holdings in Green Plains Inc. (NASDAQ:GPRE)

272 Capital LP decreased its position in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 51.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 135,845 shares of the specialty chemicals company's stock after selling 142,792 shares during the period. Green Plains accounts for approximately 1.2% of 272 Capital LP's portfolio, making the stock its 22nd largest holding. 272 Capital LP owned approximately 0.21% of Green Plains worth $1,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Green Plains by 4.1% in the 4th quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company's stock worth $355,000 after buying an additional 1,488 shares during the period. Diametric Capital LP grew its stake in Green Plains by 11.6% during the 4th quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company's stock valued at $217,000 after purchasing an additional 2,388 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Green Plains by 28.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company's stock worth $108,000 after buying an additional 2,503 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 2,717 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in Green Plains by 4.7% during the 4th quarter. New York State Teachers Retirement System now owns 65,154 shares of the specialty chemicals company's stock worth $618,000 after buying an additional 2,900 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on GPRE shares. StockNews.com downgraded Green Plains from a "hold" rating to a "sell" rating in a report on Monday, February 10th. UBS Group lowered Green Plains from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $20.50 to $7.00 in a report on Tuesday, March 4th. Jefferies Financial Group downgraded Green Plains from a "buy" rating to a "hold" rating and reduced their target price for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. Bank of America cut shares of Green Plains from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $10.00 to $4.50 in a report on Tuesday, April 15th. Finally, BMO Capital Markets decreased their target price on shares of Green Plains from $13.00 to $8.00 and set a "market perform" rating for the company in a research 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $16.50.

Green Plains Price Performance

NASDAQ GPRE traded down $0.11 on Monday, reaching $3.70. The company's stock had a trading volume of 1,299,574 shares, compared to its average volume of 1,374,694. The firm has a market cap of $251.18 million, a PE ratio of -2.72 and a beta of 1.20. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. Green Plains Inc. has a 52 week low of $3.14 and a 52 week high of $20.82. The business has a 50-day moving average price of $4.54 and a 200 day moving average price of $7.96.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period last year, the business posted $0.13 earnings per share. Sell-side analysts expect that Green Plains Inc. will post -0.5 EPS for the current year.

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.