Green Plains Inc. (NASDAQ:GPRE) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in Green Plains Inc. (NASDAQ:GPRE) by 92.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,020,129 shares of the specialty chemicals company’s stock after purchasing an additional 488,870 shares during the period. Invesco Ltd. owned approximately 1.58% of Green Plains worth $9,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. ExodusPoint Capital Management LP acquired a new position in Green Plains in the fourth quarter valued at about $785,000. Trexquant Investment LP lifted its holdings in shares of Green Plains by 177.5% in the 4th quarter. Trexquant Investment LP now owns 469,639 shares of the specialty chemicals company’s stock worth $4,452,000 after acquiring an additional 300,413 shares during the last quarter. Diametric Capital LP boosted its position in shares of Green Plains by 11.6% during the 4th quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company’s stock worth $217,000 after purchasing an additional 2,388 shares during the period. Franklin Resources Inc. acquired a new stake in Green Plains in the 4th quarter valued at approximately $480,000. Finally, Clearbridge Investments LLC raised its position in Green Plains by 2.7% in the fourth quarter. Clearbridge Investments LLC now owns 120,228 shares of the specialty chemicals company’s stock valued at $1,140,000 after purchasing an additional 3,200 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets dropped their price objective on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, February 10th. Jefferies Financial Group lowered shares of Green Plains from a “buy” rating to a “hold” rating and cut their price target 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 objective (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Finally, UBS Group cut shares of Green Plains from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.50 to $7.00 in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.50.

Green Plains Price Performance

Shares of GPRE opened at $3.42 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The firm’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $8.47. The firm has a market capitalization of $221.05 million, a price-to-earnings ratio of -2.51 and a beta of 1.20. Green Plains Inc. has a twelve month low of $3.14 and a twelve month high of $22.39.

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

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.