Green Plains Inc. (NASDAQ:GPRE) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in Green Plains Inc. (NASDAQ:GPRE) by 44.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,221 shares of the specialty chemicals company’s stock after acquiring an additional 5,910 shares during the period. ProShare Advisors LLC’s holdings in Green Plains were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in GPRE. CenterBook Partners LP acquired a new stake in shares of Green Plains in the 4th quarter worth approximately $10,940,000. Ameriprise Financial Inc. lifted its stake in shares of Green Plains by 424.8% in the 4th 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 during the period. Invesco Ltd. lifted its stake in shares of Green Plains by 92.0% in the 4th 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 period. KLP Kapitalforvaltning AS bought a new stake in shares of Green Plains in the 4th quarter worth approximately $4,249,000. Finally, Algert Global LLC raised its holdings in shares of Green Plains by 340.4% in the 4th quarter. Algert Global LLC now owns 511,295 shares of the specialty chemicals company’s stock worth $4,847,000 after purchasing an additional 395,195 shares in the last quarter.

Wall Street Analyst Weigh In

GPRE has been the topic of a number of research reports. BMO Capital Markets dropped 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 report on Monday, May 12th. Jefferies Financial Group downgraded shares of Green Plains from a “buy” rating to a “hold” rating and dropped their target price for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. Bank of America downgraded shares of Green Plains from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $4.50 in a report on Tuesday, April 15th. Truist Financial reiterated 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, UBS Group lowered shares of Green Plains from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.93.

Green Plains Stock Up 1.9%

GPRE stock opened at $4.22 on Monday. The firm has a market capitalization of $275.98 million, a P/E ratio of -3.10 and a beta of 1.19. 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’s 50 day simple moving average is $4.14 and its 200-day simple moving average is $6.95. Green Plains Inc. has a 52-week low of $3.14 and a 52-week high of $18.14.

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