Green Plains Inc. (NASDAQ:GPRE) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC raised its stake in Green Plains Inc. (NASDAQ:GPRE) by 86.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,199 shares of the specialty chemicals company’s stock after acquiring an additional 19,574 shares during the period. Guggenheim Capital LLC owned 0.07% of Green Plains worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in GPRE. Invesco Ltd. lifted its holdings in shares of Green Plains by 92.0% in the 4th quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock valued at $9,671,000 after purchasing an additional 488,870 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Green Plains by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company’s stock valued at $2,971,000 after buying an additional 8,750 shares during the last quarter. Amundi boosted its holdings in shares of Green Plains by 50.5% in the fourth quarter. Amundi now owns 87,231 shares of the specialty chemicals company’s stock valued at $872,000 after acquiring an additional 29,262 shares during the period. Barclays PLC grew 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 worth $1,935,000 after acquiring an additional 59,564 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Green Plains in the 4th quarter valued at $4,249,000.

Green Plains Price Performance

Green Plains stock opened at $3.58 on Friday. The stock’s 50 day moving average price is $4.79 and its 200 day moving average price is $8.30. Green Plains Inc. has a 1-year low of $3.14 and a 1-year high of $21.81. The company has a market cap of $231.73 million, a PE ratio of -2.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89.

Green Plains (NASDAQ:GPRE) last released its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates 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 last year, the company posted $0.13 earnings per share. On average, sell-side analysts predict that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GPRE. Bank of America cut shares of Green Plains from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $4.50 in a research note on Tuesday, April 15th. Jefferies Financial Group lowered Green Plains from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. Truist Financial reaffirmed a “buy” rating and set a $12.00 price objective (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Finally, UBS Group cut Green Plains from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Green Plains presently has a consensus rating of “Hold” and a consensus target price of $16.50.

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.