Green Plains Inc. (NASDAQ:GPRE) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,750 shares of the specialty chemicals company’s stock after purchasing an additional 4,034 shares during the period. Illinois Municipal Retirement Fund’s holdings in Green Plains were worth $952,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GPRE. Algert Global LLC acquired a new stake in shares of Green Plains in the third quarter valued at approximately $848,000. Seven Eight Capital LP purchased a new position in shares of Green Plains in the third quarter valued at $246,000. Tudor Investment Corp Et Al purchased a new position in shares of Green Plains in the third quarter valued at $4,475,000. Charles Schwab Investment Management Inc. increased its position in Green Plains by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock worth $22,922,000 after purchasing an additional 23,923 shares in the last quarter. Finally, Kailix Advisors LLC increased its position in Green Plains by 17.1% during the 3rd quarter. Kailix Advisors LLC now owns 513,206 shares of the specialty chemicals company’s stock worth $15,448,000 after purchasing an additional 75,100 shares in the last quarter.

Insider Buying and Selling at Green Plains

In other Green Plains news, Director Ejnar A. Knudsen III bought 4,000 shares of Green Plains stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $24.73 per share, with a total value of $98,920.00. Following the acquisition, the director now directly owns 40,913 shares of the company’s stock, valued at $1,011,778.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Green Plains Stock Up 1.1 %

Shares of Green Plains stock opened at $21.40 on Monday. The firm has a market capitalization of $1.38 billion, a PE ratio of -13.21 and a beta of 1.60. Green Plains Inc. has a 12-month low of $19.44 and a 12-month high of $36.02. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average is $21.85 and its 200-day moving average is $23.67.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The firm had revenue of $712.39 million during the quarter, compared to analyst estimates of $782.01 million. During the same period in the previous year, the company earned ($0.66) earnings per share. The business’s revenue for the quarter was down 22.1% on a year-over-year basis. Equities analysts anticipate that Green Plains Inc. will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on GPRE shares. TheStreet cut Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Green Plains in a research note on Tuesday, March 26th. The Goldman Sachs Group reduced their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, January 30th. UBS Group reduced their price objective on Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Finally, Roth Mkm reissued a “buy” rating and set a $55.00 price target on shares of Green Plains in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.40.

Green Plains Company Profile

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.