Jacobs Levy Equity Management Inc. purchased a new position in Green Plains Inc. (NASDAQ:GPRE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 296,071 shares of the specialty chemicals company's stock, valued at approximately $2,807,000. Jacobs Levy Equity Management Inc. owned approximately 0.46% of Green Plains as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in GPRE. Invesco Ltd. lifted its stake in shares of Green Plains by 92.0% in the fourth 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 in the last quarter. Principal Financial Group Inc. boosted its stake in Green Plains by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company's stock valued at $2,971,000 after purchasing an additional 8,750 shares during the last quarter. Amundi increased its holdings in shares of Green Plains by 50.5% in the 4th quarter. Amundi now owns 87,231 shares of the specialty chemicals company's stock worth $872,000 after purchasing an additional 29,262 shares in the last quarter. Barclays PLC raised its stake in shares of Green Plains by 71.5% in 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Green Plains by 49.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 73,292 shares of the specialty chemicals company's stock valued at $695,000 after purchasing an additional 24,290 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Bank of America downgraded Green Plains from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $10.00 to $4.50 in a report on Tuesday, April 15th. StockNews.com downgraded shares of Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. UBS Group downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and cut their target price for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Truist Financial reissued a "buy" rating and set a $12.00 price target (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, Jefferies Financial Group lowered Green Plains from a "buy" rating to a "hold" rating and cut their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $11.93.
Get Our Latest Analysis on GPRE
Green Plains Stock Performance
Shares of GPRE stock traded down $0.44 during trading hours on Monday, reaching $4.79. 1,688,735 shares of the company traded hands, compared to its average volume of 1,409,251. The firm has a 50-day moving average price of $4.30 and a 200 day moving average price of $7.42. The company has a market cap of $313.26 million, a P/E ratio of -3.52 and a beta of 1.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. Green Plains Inc. has a 12-month low of $3.14 and a 12-month high of $19.80.
Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.37). The firm had revenue of $601.52 million during the quarter, compared to the consensus estimate of $605.62 million. Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.81) earnings per share. As a group, sell-side analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current fiscal year.
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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