Green Plains Inc. (NASDAQ:GPRE) Stock Position Lifted by Kailix Advisors LLC

Kailix Advisors LLC increased its stake in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 25.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 644,610 shares of the specialty chemicals company's stock after purchasing an additional 131,404 shares during the period. Green Plains makes up approximately 9.1% of Kailix Advisors LLC's investment portfolio, making the stock its 6th largest position. Kailix Advisors LLC owned 1.08% of Green Plains worth $16,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GPRE. Covestor Ltd raised its holdings in shares of Green Plains by 50.4% in the 3rd quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company's stock valued at $76,000 after purchasing an additional 853 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Green Plains in the 4th quarter valued at $88,000. iA Global Asset Management Inc. acquired a new stake in shares of Green Plains in the 3rd quarter valued at $164,000. Seven Eight Capital LP acquired a new stake in shares of Green Plains in the 3rd quarter valued at $246,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Green Plains by 24.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,580 shares of the specialty chemicals company's stock valued at $288,000 after purchasing an additional 1,865 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GPRE. Roth Mkm restated a "buy" rating and issued a $55.00 price objective on shares of Green Plains in a report on Monday, March 25th. UBS Group cut their price target on shares of Green Plains from $33.50 to $31.00 and set a "buy" rating on the stock in a research note on Monday, March 4th. TheStreet lowered shares of Green Plains from a "c-" rating to a "d+" rating in a research note on Wednesday, February 7th. The Goldman Sachs Group cut their price target on shares of Green Plains from $39.00 to $34.00 and set a "buy" rating on the stock in a research note on Tuesday, January 30th. Finally, Truist Financial reiterated a "buy" rating and set a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.40.

Insider Activity

In other news, Director Ejnar A. Knudsen III bought 4,000 shares of the stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $24.73 per share, with a total value of $98,920.00. Following the completion of the acquisition, the director now directly owns 40,913 shares in the company, valued at $1,011,778.49. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.20% of the company's stock.

Green Plains Stock Performance

Shares of NASDAQ:GPRE traded up $0.24 during midday trading on Friday, hitting $21.40. The stock had a trading volume of 851,611 shares, compared to its average volume of 1,169,081. The company has a market capitalization of $1.38 billion, a PE ratio of -13.21 and a beta of 1.60. The stock has a 50 day moving average price of $21.85 and a two-hundred day moving average price of $23.67. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50. Green Plains Inc. has a 1 year low of $19.44 and a 1 year high of $36.02.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $712.39 million during the quarter, compared to analysts' expectations of $782.01 million. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The firm's revenue was down 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.66) EPS. As a group, equities analysts predict that Green Plains Inc. will post 0.47 earnings per share 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.