Prudential Financial Inc. Has $820,000 Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Prudential Financial Inc. raised its position in Green Plains Inc. (NASDAQ:GPRE) by 29.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 86,521 shares of the specialty chemicals company’s stock after acquiring an additional 19,605 shares during the period. Prudential Financial Inc. owned approximately 0.13% of Green Plains worth $820,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp grew its position in Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 2,717 shares during the period. KBC Group NV grew its holdings in shares of Green Plains by 120.7% during the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 3,320 shares during the last quarter. Cape Investment Advisory Inc. increased its position in shares of Green Plains by 340.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after acquiring an additional 5,450 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Green Plains in the 4th quarter worth about $117,000. Finally, GAMMA Investing LLC lifted its position in Green Plains by 1,207.7% in the 4th quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company’s stock valued at $133,000 after acquiring an additional 12,959 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GPRE. Jefferies Financial Group downgraded Green Plains from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Truist Financial reissued a “buy” rating and issued a $12.00 price target (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. BMO Capital Markets cut their price objective on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, February 10th. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Finally, UBS Group cut shares of Green Plains from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.50 to $7.00 in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.89.

Green Plains Stock Performance

Shares of GPRE stock opened at $3.89 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. The firm has a market cap of $251.80 million, a price-to-earnings ratio of -2.86 and a beta of 1.20. Green Plains Inc. has a 52 week low of $3.70 and a 52 week high of $23.76. The firm’s 50-day simple moving average is $6.06 and its two-hundred day simple moving average is $9.31.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period in the previous year, the company posted $0.13 earnings per share. As a group, equities analysts forecast that Green Plains Inc. will post -0.5 earnings per share for the current 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.