Voya Investment Management LLC Trims Holdings in Green Plains, Inc. $GPRE

Voya Investment Management LLC cut its holdings in Green Plains, Inc. (NASDAQ:GPRE) by 55.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,373 shares of the specialty chemicals company’s stock after selling 23,272 shares during the quarter. Voya Investment Management LLC’s holdings in Green Plains were worth $89,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. grew 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 last quarter. AlphaQuest LLC grew its position in Green Plains by 115.2% during the 1st quarter. AlphaQuest LLC now owns 8,981 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 4,808 shares during the last quarter. Brooklyn Investment Group grew its position in Green Plains by 2,313.4% during the 1st quarter. Brooklyn Investment Group now owns 9,340 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 8,953 shares during the last quarter. WealthPlan Investment Management LLC purchased a new stake in Green Plains during the 1st quarter valued at about $49,000. Finally, Aigen Investment Management LP purchased a new stake in Green Plains during the 1st quarter valued at about $51,000.

Green Plains Price Performance

Shares of NASDAQ:GPRE opened at $9.02 on Thursday. Green Plains, Inc. has a twelve month low of $3.14 and a twelve month high of $14.04. The stock has a market capitalization of $591.44 million, a PE ratio of -3.76 and a beta of 1.26. The firm’s 50 day moving average price is $9.20 and its 200-day moving average price is $6.47. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.58.

Green Plains (NASDAQ:GPRE) last released its 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 return on equity of 13.65% and a negative net margin of 6.34%.The firm had revenue of $552.83 million for the quarter, compared to the consensus estimate of $578.18 million. During the same quarter in the previous year, the business posted ($0.38) EPS. Green Plains’s revenue was down 10.7% on a year-over-year basis. Equities research analysts expect that Green Plains, Inc. will post -0.5 EPS for the current year.

Insider Transactions at Green Plains

In other Green Plains news, insider Michelle Mapes sold 30,954 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $9.51, for a total transaction of $294,372.54. Following the completion of the sale, the insider directly owned 60,558 shares of the company’s stock, valued at $575,906.58. This trade represents a 33.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. 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, August 28th. 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 upgraded shares of Green Plains to a “hold” rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.83.

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.