State of Alaska Department of Revenue trimmed its position in shares of Green Plains Inc. (NASDAQ:GPRE – Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,145 shares of the specialty chemicals company’s stock after selling 1,444 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.07% of Green Plains worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. BlackRock Inc. increased its holdings in Green Plains by 1.1% in the first quarter. BlackRock Inc. now owns 10,104,453 shares of the specialty chemicals company’s stock worth $313,137,000 after buying an additional 114,412 shares during the last quarter. Franklin Resources Inc. increased its holdings in Green Plains by 21.0% in the first quarter. Franklin Resources Inc. now owns 4,507,731 shares of the specialty chemicals company’s stock worth $139,695,000 after buying an additional 781,384 shares during the last quarter. State Street Corp increased its holdings in Green Plains by 6.9% in the second quarter. State Street Corp now owns 4,471,629 shares of the specialty chemicals company’s stock worth $121,494,000 after buying an additional 290,543 shares during the last quarter. Ancora Advisors LLC increased its position in Green Plains by 0.4% during the first quarter. Ancora Advisors LLC now owns 4,205,970 shares of the specialty chemicals company’s stock worth $130,343,000 after buying an additional 15,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Green Plains by 7.2% during the third quarter. Vanguard Group Inc. now owns 3,964,045 shares of the specialty chemicals company’s stock worth $115,234,000 after buying an additional 266,997 shares during the last quarter.
Analyst Ratings Changes
GPRE has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Green Plains in a research report on Thursday, October 5th. They set a “sell” rating on the stock. Stephens lowered their price target on Green Plains from $37.00 to $32.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th. Finally, Truist Financial reiterated a “buy” rating and set a $45.00 price target on shares of Green Plains in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.83.
Green Plains Trading Down 3.9 %
Shares of NASDAQ:GPRE opened at $25.87 on Friday. The company has a market cap of $1.54 billion, a P/E ratio of -6.44 and a beta of 1.74. The stock’s 50-day moving average is $31.20 and its 200-day moving average is $31.87. Green Plains Inc. has a 52-week low of $25.78 and a 52-week high of $37.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.59.
Green Plains (NASDAQ:GPRE – Get Free Report) last announced its quarterly earnings data on Friday, August 4th. The specialty chemicals company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.94). The company had revenue of $857.60 million during the quarter, compared to analyst estimates of $808.89 million. Green Plains had a negative return on equity of 23.08% and a negative net margin of 6.60%. The company’s revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. Equities research analysts predict that Green Plains Inc. will post -1.82 earnings per share for the current year.
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.
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