Green Plains Inc. (NASDAQ:GPRE) Stake Lessened by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its holdings in Green Plains Inc. (NASDAQ:GPRE – Get Rating) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,844 shares of the specialty chemicals company’s stock after selling 951 shares during the period. Guggenheim Capital LLC’s holdings in Green Plains were worth $635,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Green Plains by 0.9% in the first quarter. BlackRock Inc. now owns 8,978,072 shares of the specialty chemicals company’s stock valued at $278,410,000 after purchasing an additional 82,288 shares in the last quarter. State Street Corp increased its stake in shares of Green Plains by 6.9% in the second quarter. State Street Corp now owns 4,471,629 shares of the specialty chemicals company’s stock worth $121,494,000 after acquiring an additional 290,543 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Green Plains by 2.5% in the first quarter. Vanguard Group Inc. now owns 3,667,926 shares of the specialty chemicals company’s stock worth $113,742,000 after acquiring an additional 88,056 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Green Plains by 9.9% in the second quarter. Franklin Resources Inc. now owns 3,666,129 shares of the specialty chemicals company’s stock worth $99,608,000 after acquiring an additional 330,583 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Green Plains by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,805,680 shares of the specialty chemicals company’s stock worth $87,003,000 after acquiring an additional 76,362 shares during the last quarter.

Green Plains Trading Down 2.4 %

Green Plains stock opened at $32.57 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.91 and a quick ratio of 1.33. Green Plains Inc. has a one year low of $26.09 and a one year high of $41.25. The company’s fifty day moving average price is $33.08 and its two-hundred day moving average price is $32.27. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -13.80, a PEG ratio of 1.07 and a beta of 1.76.

Green Plains (NASDAQ:GPRE – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The specialty chemicals company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.46). Green Plains had a negative net margin of 3.47% and a negative return on equity of 13.88%. The firm had revenue of $914.00 million for the quarter, compared to the consensus estimate of $894.42 million. During the same quarter last year, the company earned ($0.06) earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. On average, analysts forecast that Green Plains Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GPRE has been the topic of a number of research reports. UBS Group initiated coverage on shares of Green Plains in a research note on Tuesday, December 13th. They issued a “buy” rating and a $45.00 price target on the stock. Craig Hallum upped their price target on shares of Green Plains from $44.00 to $49.00 in a research note on Thursday, February 9th. Finally, Stephens downgraded shares of Green Plains from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.83.

Green Plains Profile

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Green Plains, Inc engages in the production of fuel-grade ethanol and corn oil, the provision of grain handling, and storage commodity marketing and distribution services. It operates through the following segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers’ grain, and corn oil at ethanol plants in Indiana, Iowa, Minnesota, Nebraska, Tennessee, and Texas.