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.
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
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.
- Get a free copy of the StockNews.com research report on Green Plains (GPRE)
- Fossil Group: Should You Bet On Consumer Discretionary In 2023?
- BJ’s Wholesale Club Stock Moves Higher After Strong Results
- Monthly Realty Income is About to Get Bigger
- 3 Large Cap Dividend Challengers for Millennial Investors
- Sea Ltd Is On The Verge Of A 100% Rally, Should You Buy?
Want to see what other hedge funds are holding GPRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Plains Inc. (NASDAQ:GPRE – Get Rating).
Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.