Quarry LP Acquires 37,250 Shares of Green Plains Inc. (NASDAQ:GPRE)

Quarry LP boosted its holdings in Green Plains Inc. (NASDAQ:GPRE) by 120.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,208 shares of the specialty chemicals company’s stock after purchasing an additional 37,250 shares during the period. Quarry LP owned approximately 0.11% of Green Plains worth $1,082,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new stake in shares of Green Plains in the 2nd quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Green Plains in the second quarter valued at approximately $41,000. Crewe Advisors LLC purchased a new stake in shares of Green Plains during the first quarter valued at approximately $150,000. Virtu Financial LLC purchased a new stake in shares of Green Plains during the fourth quarter valued at approximately $234,000. Finally, DRW Securities LLC bought a new position in shares of Green Plains in the second quarter worth approximately $168,000.

Analysts Set New Price Targets

Several brokerages have weighed in on GPRE. Truist Financial reissued a “buy” rating and set a $25.00 price target (down previously from $30.00) on shares of Green Plains in a research report on Monday, August 5th. Craig Hallum dropped their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. UBS Group dropped their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. Finally, BMO Capital Markets cut their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.28.

Green Plains Stock Up 3.0 %

Shares of NASDAQ:GPRE opened at $13.55 on Monday. The firm has a market capitalization of $875.59 million, a P/E ratio of -11.02 and a beta of 1.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. The stock has a 50 day moving average price of $14.32 and a 200-day moving average price of $17.35. Green Plains Inc. has a 52-week low of $11.63 and a 52-week high of $31.92.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The firm had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. Green Plains’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.89) EPS. As a group, equities research analysts anticipate that Green Plains Inc. will post -0.95 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.