Assenagon Asset Management S.A. Has $18.34 Million Stock Holdings in Green Plains, Inc. $GPRE

Assenagon Asset Management S.A. boosted its position in shares of Green Plains, Inc. (NASDAQ:GPRE) by 155.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,114,743 shares of the specialty chemicals company’s stock after purchasing an additional 678,515 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Green Plains were worth $18,338,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. WINTON GROUP Ltd bought a new position in Green Plains during the second quarter worth about $61,000. Quarry LP acquired a new stake in shares of Green Plains in the 3rd quarter valued at about $67,000. Aquatic Capital Management LLC bought a new stake in shares of Green Plains in the third quarter valued at about $95,000. Marex Group plc bought a new stake in shares of Green Plains in the fourth quarter valued at about $98,000. Finally, Virtus Advisers LLC acquired a new position in shares of Green Plains during the fourth quarter worth about $98,000.

Green Plains Stock Performance

Shares of NASDAQ GPRE opened at $15.09 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.71 and a quick ratio of 1.27. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -45.73 and a beta of 1.19. The stock’s fifty day moving average price is $15.83 and its two-hundred day moving average price is $14.02. Green Plains, Inc. has a one year low of $5.60 and a one year high of $18.94.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $532.53 million. During the same quarter in the previous year, the business posted ($1.14) earnings per share. Green Plains’s quarterly revenue was down 25.9% on a year-over-year basis. On average, equities analysts forecast that Green Plains, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

GPRE has been the subject of a number of research reports. Wall Street Zen upgraded Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. BMO Capital Markets upped their price target on Green Plains from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a report on Tuesday, April 21st. Oppenheimer reissued an “outperform” rating and issued a $20.00 price objective on shares of Green Plains in a research report on Friday, May 8th. Finally, Zacks Research upgraded Green Plains from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Green Plains presently has a consensus rating of “Hold” and a consensus target price of $14.29.

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.