Green Plains, Inc. (NASDAQ:GPRE - Get Free Report) was the target of some unusual options trading on Thursday. Stock traders purchased 3,786 call options on the company. Thisrepresentsanincreaseof51% compared to the average daily volume of 2,512 call options.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in Green Plains by 49.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 73,292 shares of the specialty chemicals company's stock worth $695,000 after purchasing an additional 24,290 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Green Plains by 193.2% during the 1st quarter. GAMMA Investing LLC now owns 41,138 shares of the specialty chemicals company's stock worth $200,000 after acquiring an additional 27,106 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Green Plains by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 19,221 shares of the specialty chemicals company's stock worth $182,000 after acquiring an additional 5,910 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Green Plains by 52.2% during the 4th quarter. Two Sigma Investments LP now owns 114,001 shares of the specialty chemicals company's stock worth $1,081,000 after acquiring an additional 39,100 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Green Plains by 5.6% during the 4th quarter. Renaissance Technologies LLC now owns 79,529 shares of the specialty chemicals company's stock worth $754,000 after acquiring an additional 4,200 shares in the last quarter.
Analyst Ratings Changes
A number of research firms have issued reports on GPRE. Bank of America restated an "underperform" rating and set a $7.00 price target (up from $4.50) on shares of Green Plains in a research note on Thursday, August 14th. Zacks Research upgraded Green Plains to a "hold" rating in a research note on Monday, August 11th. Oppenheimer upgraded Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research note on Thursday. Finally, BMO Capital Markets cut their price objective on Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Green Plains currently has an average rating of "Hold" and a consensus target price of $8.83.
Get Our Latest Analysis on Green Plains
Green Plains Price Performance
NASDAQ GPRE traded up $0.01 during trading hours on Monday, reaching $11.11. The company's stock had a trading volume of 2,692,455 shares, compared to its average volume of 2,090,848. The firm's 50-day moving average price is $7.90 and its 200-day moving average price is $5.83. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. Green Plains has a 1 year low of $3.14 and a 1 year high of $14.67. The company has a market capitalization of $728.48 million, a price-to-earnings ratio of -4.63 and a beta of 1.21.
Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings results 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). Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The business had revenue of $552.83 million during the quarter, compared to analysts' expectations of $578.18 million. During the same period in the prior year, the firm posted ($0.38) earnings per share. The firm's revenue for the quarter was down 10.7% on a year-over-year basis. On average, equities research analysts predict that Green Plains will post -0.5 EPS for the current fiscal year.
Green Plains Company Profile
(
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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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