Rafferty Asset Management LLC Invests $924,000 in Green Plains, Inc. $GPRE

Rafferty Asset Management LLC bought a new position in Green Plains, Inc. (NASDAQ:GPRE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 105,071 shares of the specialty chemicals company’s stock, valued at approximately $924,000. Rafferty Asset Management LLC owned approximately 0.15% of Green Plains as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Green Plains by 2.5% during the third quarter. Vanguard Group Inc. now owns 4,051,231 shares of the specialty chemicals company’s stock worth $35,610,000 after purchasing an additional 99,242 shares during the last quarter. Clifford Capital Partners LLC increased its position in shares of Green Plains by 201.2% during the 2nd quarter. Clifford Capital Partners LLC now owns 1,386,961 shares of the specialty chemicals company’s stock valued at $8,363,000 after purchasing an additional 926,553 shares during the last quarter. CenterBook Partners LP increased its position in shares of Green Plains by 76.3% during the 2nd quarter. CenterBook Partners LP now owns 1,165,273 shares of the specialty chemicals company’s stock valued at $7,027,000 after purchasing an additional 504,433 shares during the last quarter. Kailix Advisors LLC raised its holdings in shares of Green Plains by 41.4% during the 3rd quarter. Kailix Advisors LLC now owns 1,155,323 shares of the specialty chemicals company’s stock valued at $10,155,000 after buying an additional 338,000 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Green Plains by 25.9% during the 2nd quarter. Bank of America Corp DE now owns 950,113 shares of the specialty chemicals company’s stock valued at $5,729,000 after buying an additional 195,556 shares in the last quarter.

Green Plains Stock Performance

Shares of Green Plains stock opened at $15.83 on Friday. Green Plains, Inc. has a 12 month low of $3.14 and a 12 month high of $16.19. The firm has a market capitalization of $1.11 billion, a P/E ratio of -8.38, a P/E/G ratio of 0.71 and a beta of 1.46. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $10.82.

Green Plains (NASDAQ:GPRE) last released its earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. Green Plains had a negative net margin of 5.80% and a negative return on equity of 8.70%. The firm had revenue of $428.85 million for the quarter, compared to the consensus estimate of $536.56 million. During the same period in the prior year, the firm earned ($0.86) EPS. The company’s revenue was down 26.6% compared to the same quarter last year. On average, equities analysts forecast that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GPRE shares. Oppenheimer upped their target price on Green Plains from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Stephens upgraded shares of Green Plains from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $10.00 to $17.00 in a report on Monday, February 9th. Zacks Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. UBS Group increased their target price on shares of Green Plains from $7.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.25.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.