Hsbc Holdings PLC Purchases 29,847 Shares of Green Plains, Inc. $GPRE

Hsbc Holdings PLC lifted its position in shares of Green Plains, Inc. (NASDAQ:GPRE) by 72.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,808 shares of the specialty chemicals company’s stock after buying an additional 29,847 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Green Plains worth $691,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new position in shares of Green Plains in the 2nd quarter valued at $61,000. Quarry LP acquired a new position in Green Plains during the 3rd quarter valued at approximately $67,000. Aquatic Capital Management LLC purchased a new position in Green Plains in the 3rd quarter worth $95,000. Marex Group plc purchased a new position in shares of Green Plains in the fourth quarter worth about $98,000. Finally, Virtus Advisers LLC purchased a new position in shares of Green Plains during the fourth quarter worth $98,000.

Green Plains Stock Performance

Shares of GPRE stock opened at $16.77 on Thursday. Green Plains, Inc. has a 52 week low of $7.07 and a 52 week high of $18.94. The stock has a market capitalization of $1.18 billion, a PE ratio of -50.82 and a beta of 1.19. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $15.75 and a two-hundred day moving average of $14.64.

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

Analyst Upgrades and Downgrades

GPRE has been the subject of a number of analyst reports. Zacks Research downgraded Green Plains from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Plains in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Green Plains from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Oppenheimer restated an “outperform” rating and set a $20.00 target price on shares of Green Plains in a report on Friday, May 8th. Finally, BMO Capital Markets upped their price objective on shares of Green Plains from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.29.

Green Plains 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.