Vanguard Group Inc. Increases Stock Position in Green Plains, Inc. $GPRE

Vanguard Group Inc. raised its holdings in Green Plains, Inc. (NASDAQ:GPRE) by 15.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,696,401 shares of the specialty chemicals company’s stock after purchasing an additional 645,170 shares during the period. Vanguard Group Inc. owned 6.73% of Green Plains worth $46,025,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GPRE. Wolf Hill Capital Management LP lifted its stake in shares of Green Plains by 19.6% during the third quarter. Wolf Hill Capital Management LP now owns 1,291,815 shares of the specialty chemicals company’s stock valued at $11,355,000 after buying an additional 211,303 shares during the period. Kailix Advisors LLC lifted its stake in shares of Green Plains by 41.4% during the third 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 during the period. Millennium Management LLC lifted its stake in shares of Green Plains by 7.6% during the third quarter. Millennium Management LLC now owns 1,027,426 shares of the specialty chemicals company’s stock valued at $9,031,000 after buying an additional 72,586 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Green Plains during the third quarter valued at approximately $8,561,000. Finally, Bank of America Corp DE lifted its stake in shares of Green Plains by 25.9% during the second 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 during the period.

Wall Street Analyst Weigh In

Several brokerages recently commented on GPRE. Oppenheimer reaffirmed an “outperform” rating and set a $20.00 price target on shares of Green Plains in a research report on Friday, May 8th. UBS Group upped their price target on shares of Green Plains from $7.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Plains in a research report on Tuesday, April 21st. Zacks Research raised shares of Green Plains from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Green Plains from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.29.

Green Plains Price Performance

Green Plains stock opened at $17.14 on Friday. Green Plains, Inc. has a 52-week low of $3.97 and a 52-week high of $18.94. The firm has a fifty day moving average of $16.23 and a 200-day moving average of $12.94. The firm has a market capitalization of $1.20 billion, a P/E ratio of -51.94 and a beta of 1.24. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.49.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.43. Green Plains had a negative net margin of 0.80% and a positive return on equity of 2.86%. The company had revenue of $445.80 million during the quarter, compared to analyst estimates of $532.53 million. During the same quarter in the prior year, the business earned ($1.14) earnings per share. The business’s quarterly revenue was down 25.9% compared to the same quarter last year. As a group, analysts predict that Green Plains, Inc. will post 2.1 EPS for the current year.

About Green Plains

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.