Envestnet Asset Management Inc. Raises Position in Green Plains, Inc. $GPRE

Envestnet Asset Management Inc. lifted its stake in shares of Green Plains, Inc. (NASDAQ:GPRE) by 112.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,720 shares of the specialty chemicals company’s stock after buying an additional 45,397 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Green Plains worth $517,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its position in Green Plains by 46.5% in the second quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 1,838 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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 purchasing an additional 3,002 shares during the period. AlphaQuest LLC grew its holdings 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 in the last quarter. Brooklyn Investment Group increased its stake 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 worth $45,000 after buying an additional 8,953 shares during the period. Finally, WealthPlan Investment Management LLC purchased a new stake in Green Plains during the 1st quarter worth $49,000.

Green Plains Stock Performance

Shares of GPRE opened at $9.71 on Tuesday. The stock has a market capitalization of $678.10 million, a PE ratio of -4.05 and a beta of 1.28. The business’s fifty day moving average price is $10.04 and its 200 day moving average price is $8.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 0.94. Green Plains, Inc. has a 12-month low of $3.14 and a 12-month high of $12.31.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.48. Green Plains had a negative net margin of 6.34% and a negative return on equity of 13.65%. The firm had revenue of $508.49 million during the quarter, compared to analyst estimates of $583.55 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was down 22.8% compared to the same quarter last year. Equities research analysts forecast that Green Plains, Inc. will post -0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

GPRE has been the subject of several recent analyst reports. Wall Street Zen upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Tudor Pickering upgraded Green Plains from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Bank of America upped their target price on Green Plains from $7.00 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Green Plains to a “hold” rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Green Plains currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Insiders Place Their Bets

In related news, insider Michelle Mapes sold 30,954 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $9.51, for a total transaction of $294,372.54. Following the sale, the insider owned 60,558 shares in the company, valued at $575,906.58. This represents a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.