Green Plains Inc. (NASDAQ:GPRE) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 54.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,548 shares of the specialty chemicals company’s stock after purchasing an additional 82,235 shares during the period. Nuveen Asset Management LLC owned 0.36% of Green Plains worth $2,224,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in Green Plains by 4.1% in the 4th quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock valued at $355,000 after buying an additional 1,488 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Green Plains by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company’s stock valued at $346,000 after acquiring an additional 1,596 shares during the last quarter. Diametric Capital LP grew its holdings 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. Pictet Asset Management Holding SA increased its position in shares of Green Plains by 28.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company’s stock valued at $108,000 after acquiring an additional 2,503 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of 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 acquiring an additional 2,717 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group cut 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. Bank of America lowered Green Plains from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $4.50 in a research report on Tuesday, April 15th. Jefferies Financial Group cut Green Plains from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. Truist Financial reissued a “buy” rating and set a $12.00 target price (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, BMO Capital Markets dropped their target price on Green Plains from $8.00 to $7.00 and set a “market perform” rating for the company in a research report on Monday, May 12th. 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.93.

Green Plains Stock Performance

NASDAQ:GPRE opened at $4.16 on Tuesday. Green Plains Inc. has a 12-month low of $3.14 and a 12-month high of $18.14. The firm has a market cap of $272.06 million, a PE ratio of -3.06 and a beta of 1.19. 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 stock has a fifty day moving average price of $4.12 and a 200 day moving average price of $6.91.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Green Plains’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.81) EPS. Sell-side analysts anticipate that Green Plains Inc. will post -0.5 earnings per share for the current fiscal 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.