Hsbc Holdings PLC Acquires New Position in Green Plains Inc. (NASDAQ:GPRE)

Hsbc Holdings PLC bought a new position in Green Plains Inc. (NASDAQ:GPRE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 149,569 shares of the specialty chemicals company’s stock, valued at approximately $1,389,000. Hsbc Holdings PLC owned about 0.23% of Green Plains as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Green Plains by 4.1% in the 4th quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock worth $355,000 after purchasing an additional 1,488 shares during the last quarter. Diametric Capital LP lifted its stake in Green Plains by 11.6% in the fourth quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 2,388 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Green Plains by 28.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company’s stock valued at $108,000 after acquiring an additional 2,503 shares during the period. Van ECK Associates Corp grew its position in shares of Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 2,717 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Green Plains by 4.7% in the 4th quarter. New York State Teachers Retirement System now owns 65,154 shares of the specialty chemicals company’s stock worth $618,000 after acquiring an additional 2,900 shares during the period.

Green Plains Stock Performance

Shares of GPRE opened at $3.81 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The firm’s 50 day moving average is $4.54 and its 200-day moving average is $8.02. Green Plains Inc. has a 12-month low of $3.14 and a 12-month high of $20.82. The stock has a market capitalization of $258.65 million, a P/E ratio of -2.80 and a beta of 1.20.

Green Plains (NASDAQ:GPRE) last posted its quarterly 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 net margin of 3.36% and a negative return on equity of 11.88%. During the same period in the prior year, the firm posted $0.13 earnings per share. Equities research analysts anticipate that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GPRE has been the subject of several recent analyst reports. UBS Group cut shares of Green Plains from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Bank of America cut Green Plains from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $4.50 in a research report on Tuesday, April 15th. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. BMO Capital Markets lowered their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, February 10th. Finally, Jefferies Financial Group lowered shares of Green Plains from a “buy” rating to a “hold” rating and decreased their target price for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Green Plains has an average rating of “Hold” and a consensus price target of $16.50.

Green Plains Company 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.