American Century Companies Inc. Has $1.99 Million Stock Position in Green Plains, Inc. $GPRE

American Century Companies Inc. cut its holdings in Green Plains, Inc. (NASDAQ:GPRE) by 34.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 411,195 shares of the specialty chemicals company’s stock after selling 214,964 shares during the quarter. American Century Companies Inc. owned approximately 0.61% of Green Plains worth $1,994,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Raiffeisen Bank International AG acquired a new stake in Green Plains in the fourth quarter valued at about $72,000. PNC Financial Services Group Inc. boosted its stake in Green Plains by 54.6% in the first quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 3,002 shares in the last quarter. WealthPlan Investment Management LLC acquired a new stake in Green Plains in the first quarter valued at about $49,000. Aigen Investment Management LP acquired a new stake in Green Plains in the first quarter valued at about $51,000. Finally, FORA Capital LLC acquired a new stake in Green Plains in the fourth quarter valued at about $108,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Oppenheimer raised Green Plains from a “market perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Thursday. Zacks Research raised Green Plains to a “hold” rating in a research note on Monday, August 11th. BMO Capital Markets cut their price target on Green Plains from $8.00 to $7.00 and set a “market perform” rating on the stock in a research note on Monday, May 12th. Finally, Bank of America reissued an “underperform” rating and set a $7.00 price target (up from $4.50) on shares of Green Plains in a research note on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.83.

Green Plains Stock Performance

Shares of GPRE stock opened at $11.11 on Tuesday. The business’s 50-day moving average price is $8.01 and its 200-day moving average price is $5.86. Green Plains, Inc. has a 12 month low of $3.14 and a 12 month high of $14.67. The firm has a market capitalization of $728.48 million, a price-to-earnings ratio of -4.63 and a beta of 1.21. 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). Green Plains had a negative net margin of 6.34% and a negative return on equity of 13.65%. The firm had revenue of $552.83 million for the quarter, compared to analyst estimates of $578.18 million. During the same period in the previous year, the business posted ($0.38) earnings per share. The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. Equities research analysts forecast that Green Plains, Inc. will post -0.5 EPS for the current year.

Green Plains 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.