GAMMA Investing LLC Sells 5,550 Shares of Green Plains, Inc. (NASDAQ:GPRE)

GAMMA Investing LLC reduced its holdings in Green Plains, Inc. (NASDAQ:GPRE) by 39.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,482 shares of the specialty chemicals company’s stock after selling 5,550 shares during the quarter. GAMMA Investing LLC’s holdings in Green Plains were worth $41,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. CenterBook Partners LP bought a new stake in shares of Green Plains during the fourth quarter valued at approximately $10,940,000. Ameriprise Financial Inc. boosted its position in shares of Green Plains by 424.8% during the fourth quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company’s stock valued at $7,624,000 after purchasing an additional 650,937 shares in the last quarter. Invesco Ltd. boosted its position 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 valued at $9,671,000 after purchasing an additional 488,870 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Green Plains during the fourth quarter valued at approximately $4,249,000. Finally, Algert Global LLC boosted its position in shares of Green Plains by 340.4% during the fourth 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 in the last quarter.

Green Plains Stock Up 6.1%

Shares of NASDAQ:GPRE opened at $7.66 on Friday. The stock has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $6.01. The stock has a market capitalization of $500.96 million, a price-to-earnings ratio of -4.53 and a beta of 1.22. Green Plains, Inc. has a 12-month low of $3.14 and a 12-month high of $18.14. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $605.62 million. Green Plains had a negative net margin of 4.22% and a negative return on equity of 12.76%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.81) EPS. On average, research analysts anticipate that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GPRE has been the topic of several research reports. BMO Capital Markets dropped their price target on 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. Bank of America lowered Green Plains from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $4.50 in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.93.

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.