Thrivent Financial For Lutherans cut its stake in shares of Green Plains, Inc. (NASDAQ:GPRE) by 84.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,310 shares of the specialty chemicals company’s stock after selling 121,580 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.06% of Green Plains worth $458,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in shares of Green Plains by 7.2% during the first quarter. Envestnet Asset Management Inc. now owns 4,022 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 270 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Green Plains by 85.9% during the second quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock worth $149,000 after purchasing an additional 3,369 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Green Plains by 2.0% during the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock worth $202,000 after purchasing an additional 160 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Green Plains during the first quarter worth approximately $204,000. Finally, Mason Street Advisors LLC lifted its stake in Green Plains by 6.5% during the first quarter. Mason Street Advisors LLC now owns 8,303 shares of the specialty chemicals company’s stock worth $205,000 after purchasing an additional 506 shares during the last quarter.
Several equities research analysts recently weighed in on GPRE shares. Jefferies Group LLC restated a “buy” rating and set a $25.00 target price (down previously from $28.00) on shares of Green Plains in a research note on Wednesday, August 2nd. Roth Capital set a $27.00 target price on Green Plains and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Craig Hallum started coverage on Green Plains in a research note on Thursday, September 14th. They set a “buy” rating and a $29.00 target price for the company. Piper Jaffray Companies restated a “hold” rating and set a $19.00 target price on shares of Green Plains in a research note on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Green Plains presently has a consensus rating of “Hold” and an average price target of $26.50.
Shares of Green Plains, Inc. (NASDAQ:GPRE) opened at 19.10 on Wednesday. Green Plains, Inc. has a 1-year low of $16.35 and a 1-year high of $29.85. The stock has a market cap of $792.34 million, a PE ratio of 111.70 and a beta of 1.37. The company’s 50-day moving average price is $19.52 and its 200 day moving average price is $20.92.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.29). Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The business had revenue of $886.30 million for the quarter, compared to analyst estimates of $986.88 million. During the same quarter last year, the business earned $0.21 EPS. Green Plains’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts forecast that Green Plains, Inc. will post ($0.32) EPS for the current fiscal year.
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About Green Plains
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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