JPMorgan Chase & Co. decreased its position in Green Plains, Inc. (NASDAQ:GPRE) by 75.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,080 shares of the specialty chemicals company’s stock after selling 448,107 shares during the period. JPMorgan Chase & Co. owned approximately 0.38% of Green Plains worth $3,591,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Green Plains during the fourth quarter worth $1,275,000. State Board of Administration of Florida Retirement System boosted its position in Green Plains by 38.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 58,127 shares of the specialty chemicals company’s stock worth $1,619,000 after buying an additional 16,219 shares in the last quarter. State Street Corp boosted its position in Green Plains by 3.1% in the fourth quarter. State Street Corp now owns 1,478,966 shares of the specialty chemicals company’s stock worth $41,188,000 after buying an additional 43,898 shares in the last quarter. New York State Teachers Retirement System boosted its position in Green Plains by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 23,949 shares of the specialty chemicals company’s stock worth $667,000 after buying an additional 200 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Green Plains by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,752 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 110 shares in the last quarter.

Shares of Green Plains, Inc. (GPRE) remained flat at $19.10 during midday trading on Friday. 648,092 shares of the company’s stock were exchanged. Green Plains, Inc. has a 12 month low of $17.70 and a 12 month high of $29.85. The stock’s 50 day moving average is $19.97 and its 200-day moving average is $22.54. The company has a market cap of $768.20 million, a P/E ratio of 111.70 and a beta of 1.42.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.29. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The business had revenue of $886.30 million during the quarter, compared to analysts’ expectations of $986.88 million. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts expect that Green Plains, Inc. will post $0.50 EPS for the current fiscal year.

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GPRE has been the subject of a number of research reports. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price target on shares of Green Plains in a research note on Tuesday, May 2nd. Roth Capital set a $27.00 price target on shares of Green Plains and gave the stock a “buy” rating in a research note on Wednesday. Piper Jaffray Companies reissued a “hold” rating and issued a $28.00 price target on shares of Green Plains in a research note on Friday, July 14th. Zacks Investment Research cut shares of Green Plains from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, BidaskClub raised shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.29.

In other Green Plains news, insider Todd A. Becker sold 5,600 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $23.29, for a total transaction of $130,424.00. Following the sale, the insider now directly owns 708,088 shares in the company, valued at $16,491,369.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey S. Briggs sold 39,902 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $23.00, for a total value of $917,746.00. Following the sale, the chief operating officer now owns 212,954 shares in the company, valued at $4,897,942. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,903 shares of company stock worth $1,932,599. Company insiders own 6.40% of the company’s stock.

About Green Plains

Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.

Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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