BidaskClub upgraded shares of Green Plains (NASDAQ:GPRE) from a sell rating to a hold rating in a research report sent to investors on Friday morning, BidAskClub reports.

Several other research firms have also recently commented on GPRE. Zacks Investment Research cut shares of Green Plains from a hold rating to a strong sell rating in a research note on Thursday, June 27th. TheStreet cut shares of Green Plains from a c- rating to a d+ rating in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Green Plains currently has an average rating of Hold and a consensus price target of $17.50.

NASDAQ:GPRE opened at $11.10 on Friday. The stock has a market cap of $415.85 million, a P/E ratio of -5.12 and a beta of 1.17. Green Plains has a one year low of $7.01 and a one year high of $19.39. The company has a fifty day moving average price of $8.71 and a 200 day moving average price of $12.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.52 and a quick ratio of 0.60.

Green Plains (NASDAQ:GPRE) last released its earnings results on Monday, August 5th. The specialty chemicals company reported ($1.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.78) by ($0.35). The company had revenue of $895.90 million for the quarter, compared to analyst estimates of $822.77 million. Green Plains had a negative net margin of 1.40% and a negative return on equity of 14.93%. Green Plains’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) earnings per share. As a group, equities research analysts anticipate that Green Plains will post -2.94 EPS for the current year.

In other news, major shareholder Mangrove Partners Master Fund, sold 51,942 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $8.41, for a total value of $436,832.22. Following the completion of the transaction, the insider now owns 3,983,012 shares in the company, valued at approximately $33,497,130.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director S Eugene Edwards acquired 15,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average price of $7.15 per share, with a total value of $107,250.00. Following the purchase, the director now owns 45,620 shares in the company, valued at approximately $326,183. The disclosure for this purchase can be found here. Corporate insiders own 5.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in GPRE. Nisa Investment Advisors LLC raised its stake in shares of Green Plains by 909.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,330 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 3,000 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in shares of Green Plains by 192.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,600 shares of the specialty chemicals company’s stock valued at $82,000 after buying an additional 5,000 shares in the last quarter. Cutler Group LP raised its stake in shares of Green Plains by 1,415.1% in the 2nd quarter. Cutler Group LP now owns 8,757 shares of the specialty chemicals company’s stock valued at $94,000 after buying an additional 8,179 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Green Plains in the 2nd quarter valued at $101,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Green Plains in the 2nd quarter valued at $127,000.

Green Plains Company Profile

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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