Thomist Capital Management LP Acquires New Holdings in Green Plains, Inc. $GPRE

Thomist Capital Management LP acquired a new position in Green Plains, Inc. (NASDAQ:GPRE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,270,612 shares of the specialty chemicals company’s stock, valued at approximately $19,542,000. Green Plains makes up about 6.2% of Thomist Capital Management LP’s holdings, making the stock its 5th largest holding. Thomist Capital Management LP owned about 1.81% of Green Plains as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Green Plains in the 2nd quarter valued at $156,703,000. Vanguard Group Inc. lifted its stake in shares of Green Plains by 15.9% during the 4th quarter. Vanguard Group Inc. now owns 4,696,401 shares of the specialty chemicals company’s stock worth $46,025,000 after purchasing an additional 645,170 shares during the last quarter. State Street Corp boosted its position in Green Plains by 3.4% during the fourth quarter. State Street Corp now owns 2,629,815 shares of the specialty chemicals company’s stock valued at $25,772,000 after purchasing an additional 85,982 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Green Plains by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,187,541 shares of the specialty chemicals company’s stock valued at $21,438,000 after purchasing an additional 10,237 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Green Plains by 112.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock valued at $17,873,000 after purchasing an additional 966,069 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. BMO Capital Markets restated a “market perform” rating on shares of Green Plains in a report on Friday, August 7th. Zacks Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a research note on Friday, July 17th. Finally, UBS Group boosted their price objective on shares of Green Plains from $12.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Green Plains has an average rating of “Hold” and a consensus target price of $15.43.

Green Plains Stock Down 7.9%

Green Plains stock opened at $14.97 on Tuesday. Green Plains, Inc. has a 1-year low of $8.65 and a 1-year high of $19.65. The business has a fifty day moving average price of $16.04 and a 200-day moving average price of $15.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.58. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 9.42 and a beta of 1.17.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.29. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.The company had revenue of $446.22 million for the quarter, compared to analyst estimates of $542.38 million. During the same period in the prior year, the company posted ($1.09) EPS. Equities research analysts forecast that Green Plains, Inc. will post 2.04 EPS for the current fiscal year.

About Green Plains

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.