BNP Paribas Financial Markets Sells 17,151 Shares of Green Plains Inc. (NASDAQ:GPRE)

BNP Paribas Financial Markets trimmed its holdings in shares of Green Plains Inc. (NASDAQ:GPREFree Report) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 261,324 shares of the specialty chemicals company’s stock after selling 17,151 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.40% of Green Plains worth $6,042,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Green Plains by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock valued at $106,266,000 after buying an additional 53,320 shares during the period. Broad Bay Capital Management LP grew its position in Green Plains by 17.6% during the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after buying an additional 352,000 shares during the period. Kailix Advisors LLC grew its position in Green Plains by 49.0% during the first quarter. Kailix Advisors LLC now owns 960,752 shares of the specialty chemicals company’s stock valued at $22,213,000 after buying an additional 316,142 shares during the period. Charles Schwab Investment Management Inc. grew its position in Green Plains by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the specialty chemicals company’s stock valued at $19,892,000 after buying an additional 27,180 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Green Plains by 34.2% during the fourth quarter. Hsbc Holdings PLC now owns 703,798 shares of the specialty chemicals company’s stock valued at $17,919,000 after purchasing an additional 179,511 shares in the last quarter.

Green Plains Price Performance

GPRE stock opened at $15.13 on Thursday. Green Plains Inc. has a one year low of $14.35 and a one year high of $36.02. The company’s fifty day moving average price is $17.21 and its 200-day moving average price is $20.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. The company has a market capitalization of $977.70 million, a PE ratio of -12.30 and a beta of 1.58.

Green Plains (NASDAQ:GPREGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing the consensus estimate 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 business had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same quarter last year, the business earned ($1.20) EPS. Green Plains’s revenue for the quarter was down 28.3% compared to the same quarter last year. On average, equities analysts anticipate that Green Plains Inc. will post -0.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Truist Financial reaffirmed a “buy” rating and set a $35.00 price target on shares of Green Plains in a report on Tuesday, March 26th. Bank of America lowered their price target on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Craig Hallum lowered their price target on shares of Green Plains from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Finally, Roth Mkm lowered their price target on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Green Plains currently has a consensus rating of “Moderate Buy” and an average target price of $30.38.

Check Out Our Latest Stock Analysis on GPRE

Green Plains Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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