Green Plains, Inc. $GPRE Stock Position Lifted by Citigroup Inc.

Citigroup Inc. boosted its stake in Green Plains, Inc. (NASDAQ:GPRE) by 263.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 457,280 shares of the specialty chemicals company’s stock after buying an additional 331,326 shares during the quarter. Citigroup Inc. owned approximately 0.65% of Green Plains worth $4,019,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GPRE. GAMMA Investing LLC increased its stake in shares of Green Plains by 192.2% in the third quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 2,991 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Green Plains by 19.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,122 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 1,619 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Green Plains in the second quarter valued at about $61,000. Quadrature Capital Ltd acquired a new position in Green Plains in the 2nd quarter worth about $75,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Green Plains during the 2nd quarter worth about $85,000.

Green Plains Price Performance

NASDAQ GPRE opened at $15.18 on Thursday. Green Plains, Inc. has a 1 year low of $3.14 and a 1 year high of $15.64. The company has a fifty day simple moving average of $12.19 and a 200 day simple moving average of $10.74. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.06 billion, a P/E ratio of -8.03, a P/E/G ratio of 0.68 and a beta of 1.46.

Green Plains (NASDAQ:GPRE) last released its earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. Green Plains had a negative net margin of 5.80% and a negative return on equity of 8.70%. The firm had revenue of $428.85 million during the quarter, compared to analyst estimates of $536.56 million. During the same quarter in the previous year, the business earned ($0.86) EPS. The business’s revenue was down 26.6% 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.

Analyst Ratings Changes

GPRE has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a report on Thursday, January 22nd. UBS Group increased their price target on shares of Green Plains from $7.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Wall Street Zen raised shares of Green Plains from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Stephens upgraded shares of Green Plains from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $10.00 to $17.00 in a report on Monday, February 9th. Finally, BMO Capital Markets raised their target price on Green Plains from $12.00 to $14.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.25.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.