BNP Paribas Financial Markets Purchases 26,776 Shares of Green Plains Inc. (NASDAQ:GPRE)

BNP Paribas Financial Markets lifted its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 48.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,043 shares of the specialty chemicals company’s stock after acquiring an additional 26,776 shares during the period. BNP Paribas Financial Markets owned approximately 0.13% of Green Plains worth $778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GPRE. CenterBook Partners LP bought a new stake in shares of Green Plains during the 4th quarter worth $10,940,000. Ameriprise Financial Inc. raised its stake in Green Plains by 424.8% during the fourth quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company’s stock worth $7,624,000 after acquiring an additional 650,937 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Green Plains by 92.0% in the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock worth $9,671,000 after acquiring an additional 488,870 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Green Plains in the 4th quarter valued at approximately $4,249,000. Finally, Algert Global LLC grew its holdings in shares of Green Plains by 340.4% during the 4th quarter. Algert Global LLC now owns 511,295 shares of the specialty chemicals company’s stock valued at $4,847,000 after purchasing an additional 395,195 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BMO Capital Markets cut their target price on shares of Green Plains from $8.00 to $7.00 and set a “market perform” rating on the stock in a research report on Monday, May 12th. Wall Street Zen downgraded Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Jefferies Financial Group cut Green Plains from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. Truist Financial reiterated a “buy” rating and issued a $12.00 target price (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Finally, Bank of America downgraded Green Plains from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $4.50 in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.93.

Green Plains Price Performance

Shares of GPRE opened at $4.43 on Friday. The business has a 50-day moving average of $4.25 and a 200-day moving average of $7.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The company has a market capitalization of $289.72 million, a price-to-earnings ratio of -3.26 and a beta of 1.19. Green Plains Inc. has a 1 year low of $3.14 and a 1 year high of $19.58.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.37). The firm had revenue of $601.52 million for the quarter, compared to the consensus estimate of $605.62 million. Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.81) EPS. As a group, equities research analysts anticipate that Green Plains Inc. will post -0.5 earnings per share for the current 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.