State Street Corp boosted its stake in Green Plains, Inc. (NASDAQ:GPRE) by 31.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,947,171 shares of the specialty chemicals company’s stock after buying an additional 468,205 shares during the period. State Street Corp owned 4.87% of Green Plains worth $48,195,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in Green Plains by 7.2% in the first quarter. Envestnet Asset Management Inc. now owns 4,022 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 270 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Green Plains by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock valued at $202,000 after buying an additional 160 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Green Plains during the first quarter valued at $204,000. Mason Street Advisors LLC raised its position in shares of Green Plains by 6.5% in the first quarter. Mason Street Advisors LLC now owns 8,303 shares of the specialty chemicals company’s stock valued at $205,000 after buying an additional 506 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Green Plains by 2.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,032 shares of the specialty chemicals company’s stock valued at $224,000 after buying an additional 190 shares during the last quarter.
Green Plains, Inc. (GPRE) opened at 18.95 on Friday. Green Plains, Inc. has a 12-month low of $17.70 and a 12-month high of $29.85. The stock has a market cap of $786.12 million, a price-to-earnings ratio of 110.82 and a beta of 1.42. The company has a 50-day moving average of $19.50 and a 200 day moving average of $22.32.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.29. The firm had revenue of $886.30 million during the quarter, compared to the consensus estimate of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Equities analysts anticipate that Green Plains, Inc. will post ($0.21) earnings per share for the current year.
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Several brokerages have recently weighed in on GPRE. Piper Jaffray Companies reiterated a “hold” rating and set a $19.00 price objective on shares of Green Plains in a report on Thursday, August 3rd. ValuEngine lowered shares of Green Plains from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Roth Capital set a $27.00 price objective on shares of Green Plains and gave the stock a “buy” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Green Plains currently has an average rating of “Hold” and an average target price of $27.29.
In related news, COO Jeffrey S. Briggs sold 39,902 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $23.00, for a total value of $917,746.00. Following the completion of the sale, the chief operating officer now directly owns 212,954 shares in the company, valued at approximately $4,897,942. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alain Treuer sold 25,900 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $19.51, for a total value of $505,309.00. Following the completion of the sale, the director now owns 336,008 shares of the company’s stock, valued at $6,555,516.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,903 shares of company stock valued at $1,932,599. Corporate insiders own 6.40% of the company’s stock.
Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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