Green Plains, Inc. $GPRE Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE) by 49.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 217,001 shares of the specialty chemicals company’s stock after selling 213,345 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Green Plains were worth $3,570,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. WINTON GROUP Ltd bought a new stake in shares of Green Plains in the 2nd quarter worth approximately $61,000. Quarry LP bought a new stake in Green Plains during the third quarter worth approximately $67,000. Aquatic Capital Management LLC acquired a new position in Green Plains in the third quarter worth approximately $95,000. Marex Group plc acquired a new position in Green Plains in the fourth quarter worth approximately $98,000. Finally, Virtus Advisers LLC acquired a new position in Green Plains in the fourth quarter worth approximately $98,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a research report on Friday, July 17th. Oppenheimer restated an “outperform” rating and issued a $20.00 target price on shares of Green Plains in a report on Friday, May 8th. Wall Street Zen lowered Green Plains from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. UBS Group upped their target price on Green Plains from $12.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Finally, Zacks Research lowered Green Plains from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.43.

Green Plains Stock Up 5.6%

GPRE stock opened at $17.28 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.71 and a quick ratio of 1.27. The firm has a market capitalization of $1.21 billion, a P/E ratio of -52.36 and a beta of 1.19. Green Plains, Inc. has a 52-week low of $7.07 and a 52-week high of $19.65. The company’s 50 day simple moving average is $15.88 and its 200-day simple moving average is $15.21.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.43. Green Plains had a negative net margin of 0.80% and a positive return on equity of 2.86%. The firm had revenue of $445.80 million for the quarter, compared to analysts’ expectations of $532.53 million. During the same period in the previous year, the company posted ($1.14) EPS. The company’s quarterly revenue was down 25.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Green Plains, Inc. will post 1.83 EPS for the current year.

Green Plains Profile

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.