Fuller & Thaler Asset Management Inc. Buys New Shares in Green Plains Inc. (NASDAQ:GPRE)

Fuller & Thaler Asset Management Inc. purchased a new position in Green Plains Inc. (NASDAQ:GPRE) in the fourth quarter, Holdings Channel.com reports. The firm purchased 37,480 shares of the specialty chemicals company’s stock, valued at approximately $355,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GPRE. Invesco Ltd. grew its position in shares of Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock worth $9,671,000 after purchasing an additional 488,870 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Green Plains by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company’s stock worth $2,971,000 after purchasing an additional 8,750 shares during the period. Amundi grew its holdings in Green Plains by 50.5% during the 4th quarter. Amundi now owns 87,231 shares of the specialty chemicals company’s stock valued at $872,000 after buying an additional 29,262 shares in the last quarter. Barclays PLC raised its position in shares of Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock valued at $1,935,000 after buying an additional 59,564 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Green Plains in the fourth quarter worth $4,249,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on GPRE. Bank of America downgraded shares of Green Plains from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $4.50 in a report on Tuesday, April 15th. BMO Capital Markets cut their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. UBS Group cut Green Plains from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.50 to $7.00 in a report on Tuesday, March 4th. Truist Financial reissued a “buy” rating and issued a $12.00 target price (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, Jefferies Financial Group lowered shares of Green Plains from a “buy” rating to a “hold” rating and lowered their price objective for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Green Plains presently has a consensus rating of “Hold” and an average target price of $16.50.

Green Plains Price Performance

Shares of GPRE opened at $3.58 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $4.79 and a 200 day moving average of $8.30. The company has a market cap of $231.73 million, a PE ratio of -2.63 and a beta of 1.20. Green Plains Inc. has a 52-week low of $3.14 and a 52-week high of $21.81.

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

Green Plains Profile

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.