Green Plains, Inc. (NASDAQ:GPRE) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of Green Plains, Inc. (NASDAQ:GPRE) by 47.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 246,006 shares of the specialty chemicals company’s stock after selling 222,425 shares during the period. Bank of New York Mellon Corp owned 0.38% of Green Plains worth $1,193,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GPRE. Lumbard & Kellner LLC raised its holdings in Green Plains by 159.4% in the 1st quarter. Lumbard & Kellner LLC now owns 740,323 shares of the specialty chemicals company’s stock valued at $3,591,000 after acquiring an additional 454,882 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Green Plains by 193.2% in the first quarter. GAMMA Investing LLC now owns 41,138 shares of the specialty chemicals company’s stock valued at $200,000 after purchasing an additional 27,106 shares during the period. GF Fund Management CO. LTD. acquired a new position in Green Plains in the fourth quarter valued at $194,000. Public Employees Retirement System of Ohio lifted its position in Green Plains by 2,171.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 45,548 shares of the specialty chemicals company’s stock worth $432,000 after buying an additional 43,543 shares during the period. Finally, GTS Securities LLC lifted its position in Green Plains by 43.6% during the fourth quarter. GTS Securities LLC now owns 19,817 shares of the specialty chemicals company’s stock worth $188,000 after buying an additional 6,017 shares during the period.

Wall Street Analysts Forecast Growth

GPRE has been the subject of several research analyst reports. BMO Capital Markets dropped their price target on shares of 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. Bank of America cut shares of 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 research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Green Plains has an average rating of “Hold” and an average target price of $10.42.

Green Plains Trading Down 3.0%

NASDAQ GPRE opened at $8.27 on Friday. The firm has a market capitalization of $540.86 million, a price-to-earnings ratio of -4.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.38. Green Plains, Inc. has a one year low of $3.14 and a one year high of $18.13. The company’s 50 day moving average price is $6.22 and its 200 day moving average price is $5.86.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data 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). Green Plains had a negative return on equity of 12.76% and a negative net margin of 4.22%. The business had revenue of $601.52 million during the quarter, compared to analyst estimates of $605.62 million. During the same period in the previous year, the company earned ($0.81) EPS. Green Plains’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict 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.