Deutsche Bank AG Sells 3,750 Shares of Green Plains, Inc. $GPRE

Deutsche Bank AG reduced its holdings in Green Plains, Inc. (NASDAQ:GPRE) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,857 shares of the specialty chemicals company’s stock after selling 3,750 shares during the quarter. Deutsche Bank AG owned about 0.09% of Green Plains worth $300,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GPRE. Raiffeisen Bank International AG purchased a new position in Green Plains during the 4th quarter valued at $72,000. PNC Financial Services Group Inc. increased its position in Green Plains by 54.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 3,002 shares during the period. FORA Capital LLC purchased a new position in Green Plains during the 4th quarter valued at $108,000. M&T Bank Corp purchased a new position in Green Plains during the 1st quarter valued at $58,000. Finally, Quantinno Capital Management LP purchased a new position in Green Plains during the 4th quarter valued at $119,000.

Green Plains Stock Performance

Shares of GPRE stock opened at $11.11 on Friday. The stock has a market cap of $728.48 million, a PE ratio of -4.63 and a beta of 1.18. The company’s fifty day moving average price is $7.90 and its 200-day moving average price is $5.84. Green Plains, Inc. has a 12 month low of $3.14 and a 12 month high of $14.67. The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.58.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). The firm had revenue of $552.83 million during the quarter, compared to the consensus estimate of $578.18 million. Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The business’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.38) EPS. On average, equities analysts expect that Green Plains, Inc. will post -0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GPRE. Oppenheimer raised shares of Green Plains from a “market perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Thursday. BMO Capital Markets reduced their price objective 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. Bank of America reissued an “underperform” rating and set a $7.00 price objective (up from $4.50) on shares of Green Plains in a research report on Thursday, August 14th. Finally, Zacks Research raised shares of Green Plains to a “hold” rating in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Green Plains has a consensus rating of “Hold” and an average price target of $8.83.

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.