Green Plains Inc. (NASDAQ:GPRE) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Green Plains Inc. (NASDAQ:GPRE) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,529 shares of the specialty chemicals company’s stock after acquiring an additional 4,200 shares during the quarter. Renaissance Technologies LLC owned 0.12% of Green Plains worth $754,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in GPRE. Charles Schwab Investment Management Inc. raised its holdings in shares of Green Plains by 21.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock valued at $13,286,000 after purchasing an additional 250,738 shares in the last quarter. Kailix Advisors LLC lifted its position in Green Plains by 15.3% in the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock valued at $12,484,000 after acquiring an additional 174,519 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock worth $9,671,000 after purchasing an additional 488,870 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Green Plains by 1,122.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after purchasing an additional 646,507 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Green Plains by 12.8% during the fourth quarter. American Century Companies Inc. now owns 626,159 shares of the specialty chemicals company’s stock worth $5,936,000 after purchasing an additional 71,065 shares in the last quarter.

Green Plains Stock Performance

Shares of GPRE stock opened at $3.69 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. Green Plains Inc. has a 12-month low of $3.14 and a 12-month high of $20.82. The company has a market cap of $250.50 million, a price-to-earnings ratio of -2.71 and a beta of 1.20. The stock has a 50 day simple moving average of $4.58 and a 200-day simple moving average of $8.08.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm posted $0.13 earnings per share. On average, equities analysts forecast that Green Plains Inc. will post -0.5 EPS for the current year.

Analysts Set New Price Targets

GPRE has been the topic of a number of research reports. Jefferies Financial Group downgraded Green Plains from a “buy” rating to a “hold” rating and dropped their price target for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Bank of America downgraded shares of Green Plains from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $4.50 in a research report on Tuesday, April 15th. UBS Group downgraded shares of Green Plains from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Truist Financial reaffirmed a “buy” rating and issued a $12.00 target price (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Plains currently has an average rating of “Hold” and a consensus target price of $16.50.

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.