Jacobs Levy Equity Management Inc. Makes New $2.81 Million Investment in Green Plains Inc. (NASDAQ:GPRE)

Jacobs Levy Equity Management Inc. acquired a new position in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 296,071 shares of the specialty chemicals company's stock, valued at approximately $2,807,000. Jacobs Levy Equity Management Inc. owned about 0.46% of Green Plains at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GPRE. CenterBook Partners LP purchased a new position in Green Plains during the 4th quarter valued at about $10,940,000. Ameriprise Financial Inc. boosted its stake in shares of Green Plains by 424.8% in the fourth quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock valued at $7,624,000 after purchasing an additional 650,937 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Green Plains by 1,122.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company's stock valued at $6,675,000 after purchasing an additional 646,507 shares in the last quarter. Invesco Ltd. increased its stake in Green Plains by 92.0% during the 4th quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock worth $9,671,000 after buying an additional 488,870 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Green Plains during the 4th quarter worth approximately $4,249,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial reissued a "buy" rating and issued a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Jefferies Financial Group lowered Green Plains from a "buy" rating to a "hold" rating and reduced their price target for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. Bank of America downgraded Green Plains from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $10.00 to $4.50 in a research report on Tuesday, April 15th. StockNews.com lowered shares of Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Finally, BMO Capital Markets decreased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Green Plains currently has an average rating of "Hold" and a consensus target price of $11.93.

Green Plains Stock Performance

Shares of GPRE traded down $0.18 during midday trading on Wednesday, reaching $4.54. 324,525 shares of the stock were exchanged, compared to its average volume of 1,408,738. Green Plains Inc. has a twelve month low of $3.14 and a twelve month high of $19.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The company has a market capitalization of $296.58 million, a price-to-earnings ratio of -3.36 and a beta of 1.19. The business's 50-day moving average price is $4.30 and its 200 day moving average price is $7.42.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The firm had revenue of $601.52 million for the quarter, compared to analysts' expectations of $605.62 million. During the same quarter in the prior year, the business earned ($0.81) EPS. The company's quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts expect that Green Plains Inc. will post -0.5 EPS for the current fiscal 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.