Green Plains (NASDAQ:GPRE) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday, BidAskClub reports.

A number of other research firms have also issued reports on GPRE. Stephens assumed coverage on Green Plains in a report on Monday, October 7th. They issued an “equal weight” rating and a $12.00 target price on the stock. Zacks Investment Research raised Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, ValuEngine lowered Green Plains from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Green Plains currently has an average rating of “Buy” and a consensus target price of $15.67.

GPRE opened at $13.89 on Thursday. The firm has a market capitalization of $499.42 million, a P/E ratio of -6.40 and a beta of 1.33. The stock’s 50 day moving average price is $14.20 and its two-hundred day moving average price is $11.35. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.32. Green Plains has a 12-month low of $7.01 and a 12-month high of $17.74.

Green Plains (NASDAQ:GPRE) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported ($1.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.15) by $0.09. The firm had revenue of $632.35 million for the quarter, compared to analyst estimates of $900.00 million. Green Plains had a negative return on equity of 18.33% and a negative net margin of 2.46%. During the same quarter last year, the firm posted ($0.31) EPS. As a group, analysts anticipate that Green Plains will post -3.94 earnings per share for the current year.

In other news, CEO Todd A. Becker sold 9,724 shares of Green Plains stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $15.12, for a total transaction of $147,026.88. Following the sale, the chief executive officer now owns 678,209 shares of the company’s stock, valued at approximately $10,254,520.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michelle Mapes sold 5,000 shares of Green Plains stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.40, for a total value of $77,000.00. Following the sale, the insider now directly owns 36,877 shares in the company, valued at approximately $567,905.80. The disclosure for this sale can be found here. Insiders have sold a total of 296,865 shares of company stock worth $4,424,778 in the last three months. 5.70% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Green Plains by 1.1% during the 2nd quarter. BlackRock Inc. now owns 6,376,143 shares of the specialty chemicals company’s stock worth $68,737,000 after purchasing an additional 70,115 shares in the last quarter. Northern Trust Corp lifted its position in shares of Green Plains by 0.6% during the 2nd quarter. Northern Trust Corp now owns 985,596 shares of the specialty chemicals company’s stock worth $10,625,000 after buying an additional 5,749 shares during the period. Renaissance Technologies LLC lifted its position in shares of Green Plains by 158.1% during the 2nd quarter. Renaissance Technologies LLC now owns 961,643 shares of the specialty chemicals company’s stock worth $10,367,000 after buying an additional 589,043 shares during the period. Carlson Capital L P lifted its position in shares of Green Plains by 99.8% during the 2nd quarter. Carlson Capital L P now owns 928,453 shares of the specialty chemicals company’s stock worth $10,009,000 after buying an additional 463,835 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in shares of Green Plains during the 2nd quarter worth approximately $9,458,000. 97.21% of the stock is currently owned by institutional investors.

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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