Victory Capital Management Inc. Lowers Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Victory Capital Management Inc. lowered its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 28.2% in the fourth quarter, Holdings Channel reports. The firm owned 998,211 shares of the specialty chemicals company’s stock after selling 391,693 shares during the quarter. Victory Capital Management Inc.’s holdings in Green Plains were worth $25,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp boosted its stake in shares of Green Plains by 1.6% during the fourth quarter. Van ECK Associates Corp now owns 59,192 shares of the specialty chemicals company’s stock worth $1,493,000 after buying an additional 944 shares during the period. Kailix Advisors LLC increased its holdings in shares of Green Plains by 25.6% in the fourth quarter. Kailix Advisors LLC now owns 644,610 shares of the specialty chemicals company’s stock valued at $16,257,000 after purchasing an additional 131,404 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Green Plains during the fourth quarter worth approximately $88,000. Semanteon Capital Management LP acquired a new stake in shares of Green Plains during the fourth quarter worth $1,162,000. Finally, New York State Common Retirement Fund increased its stake in Green Plains by 3.7% in the 4th quarter. New York State Common Retirement Fund now owns 25,900 shares of the specialty chemicals company’s stock valued at $653,000 after buying an additional 921 shares during the period.

Insider Buying and Selling

In other Green Plains news, Director Ejnar A. Knudsen III purchased 4,000 shares of the stock in a transaction on Monday, February 12th. The stock was bought at an average price of $24.73 per share, for a total transaction 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 is available at this link. 3.20% of the stock is owned by company insiders.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $19.58 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $21.52 and its 200 day moving average price is $23.28. Green Plains Inc. has a 52 week low of $18.75 and a 52 week high of $36.02. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -15.92 and a beta of 1.62.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The company had revenue of $597.20 million for the quarter, compared to analyst estimates of $654.40 million. During the same period in the previous year, the business earned ($1.20) EPS. The firm’s revenue was down 28.3% on a year-over-year basis. As a group, research analysts forecast that Green Plains Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Bank of America dropped their price target on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial restated a “buy” rating and issued a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. Roth Mkm cut their price objective on Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a research report on Monday. TheStreet lowered shares of Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets cut their price target on shares of Green Plains from $25.00 to $22.00 and set a “market perform” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Green Plains currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.75.

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.