Credit Suisse AG boosted its stake in Green Plains Inc. (NASDAQ:GPRE – Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,814 shares of the specialty chemicals company’s stock after acquiring an additional 4,680 shares during the quarter. Credit Suisse AG owned about 0.18% of Green Plains worth $3,403,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in Green Plains by 95.5% during the 4th quarter. Van ECK Associates Corp now owns 917 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 448 shares during the period. WealthPlan Investment Management LLC acquired a new position in shares of Green Plains during the first quarter valued at approximately $31,000. Riggs Asset Managment Co. Inc. bought a new stake in Green Plains during the first quarter worth approximately $31,000. Covestor Ltd lifted its position in Green Plains by 8,023.1% in the first quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 1,043 shares during the period. Finally, Advisors Asset Management Inc. acquired a new position in shares of Green Plains during the 1st quarter valued at $46,000.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. Bank of America started coverage on Green Plains in a research note on Friday, May 12th. They issued a “buy” rating on the stock. Truist Financial dropped their price objective on shares of Green Plains from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. StockNews.com began coverage on shares of Green Plains in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, Stephens decreased their target price on shares of Green Plains from $37.00 to $32.00 and set an “equal weight” rating for the company in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.83.
Green Plains Stock Down 1.1 %
GPRE opened at $31.04 on Friday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -7.72 and a beta of 1.75. Green Plains Inc. has a twelve month low of $26.33 and a twelve month high of $39.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.59. The firm’s 50-day simple moving average is $32.86 and its 200-day simple moving average is $32.40.
Green Plains (NASDAQ:GPRE – Get Free Report) last released its quarterly earnings results on Friday, August 4th. The specialty chemicals company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.94). Green Plains had a negative net margin of 6.60% and a negative return on equity of 23.08%. The business had revenue of $857.60 million for the quarter, compared to analyst estimates of $808.89 million. During the same period in the prior year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. Equities research analysts anticipate that Green Plains Inc. will post -1.81 EPS for the current fiscal year.
About Green Plains
Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.
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