Green Plains Inc. (NASDAQ:GPRE) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP increased its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 177.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 469,639 shares of the specialty chemicals company’s stock after purchasing an additional 300,413 shares during the quarter. Trexquant Investment LP owned 0.73% of Green Plains worth $4,452,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. State Street Corp raised its position in Green Plains by 2.9% in the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after purchasing an additional 111,501 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Green Plains by 21.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock valued at $13,286,000 after buying an additional 250,738 shares during the period. Kailix Advisors LLC lifted its position in Green Plains by 15.3% during the 4th quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock worth $12,484,000 after acquiring an additional 174,519 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after acquiring an additional 646,507 shares during the period. Finally, American Century Companies Inc. grew its position in Green Plains by 12.8% in the fourth quarter. American Century Companies Inc. now owns 626,159 shares of the specialty chemicals company’s stock valued at $5,936,000 after acquiring an additional 71,065 shares in the last quarter.

Green Plains Trading Down 6.0 %

NASDAQ GPRE opened at $4.09 on Friday. The firm has a market capitalization of $264.74 million, a PE ratio of -3.01 and a beta of 1.20. Green Plains Inc. has a one year low of $3.75 and a one year high of $23.76. The company has a 50-day simple moving average of $6.18 and a 200-day simple moving average of $9.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period in the prior year, the business earned $0.13 EPS. On average, equities analysts forecast that Green Plains Inc. will post -0.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GPRE shares. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Jefferies Financial Group downgraded Green Plains from a “buy” rating to a “hold” rating and lowered their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. BMO Capital Markets cut their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, February 10th. UBS Group lowered Green Plains from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.50 to $7.00 in a research note on Tuesday, March 4th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $12.00 target price (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.89.

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.