Rafferty Asset Management LLC Decreases Stock Holdings in Green Plains Inc. (NASDAQ:GPRE)

Rafferty Asset Management LLC decreased its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,977 shares of the specialty chemicals company’s stock after selling 8,403 shares during the period. Rafferty Asset Management LLC’s holdings in Green Plains were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Green Plains by 433.3% during the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 2,717 shares in the last quarter. Dauntless Investment Group LLC acquired a new stake in Green Plains during the 4th quarter worth $54,000. KBC Group NV boosted its stake in Green Plains by 120.7% during the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 3,320 shares during the last quarter. Cape Investment Advisory Inc. boosted its stake in Green Plains by 340.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after purchasing an additional 5,450 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in Green Plains during the 4th quarter worth $72,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Bank of America cut shares of Green Plains from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $10.00 to $4.50 in a research note on Tuesday, April 15th. Truist Financial reaffirmed a “buy” rating and set a $12.00 target price (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Jefferies Financial Group cut shares of Green Plains from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. UBS Group cut shares of Green Plains from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. Finally, StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Green Plains currently has an average rating of “Hold” and an average price target of $11.93.

Green Plains Stock Down 7.2%

NASDAQ GPRE opened at $4.37 on Thursday. Green Plains Inc. has a 52 week low of $3.14 and a 52 week high of $19.80. 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’s fifty day simple moving average is $4.28 and its 200-day simple moving average is $7.38. The firm has a market cap of $285.79 million, a PE ratio of -3.21 and a beta of 1.19.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.37). The company had revenue of $601.52 million during the quarter, compared to analysts’ expectations of $605.62 million. Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.81) earnings per share. As a group, equities analysts anticipate that Green Plains Inc. will post -0.5 earnings per share for the current year.

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.