Green Plains Inc. (NASDAQ:GPRE) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 72.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 369,158 shares of the specialty chemicals company’s stock after selling 957,913 shares during the period. Wellington Management Group LLP owned about 0.57% of Green Plains worth $9,310,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GPRE. Quest Partners LLC acquired a new position in Green Plains during the fourth quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in shares of Green Plains during the 4th quarter worth approximately $88,000. iA Global Asset Management Inc. acquired a new stake in shares of Green Plains in the 3rd quarter worth approximately $164,000. Cape Investment Advisory Inc. purchased a new position in Green Plains in the 4th quarter valued at approximately $196,000. Finally, Virtu Financial LLC acquired a new position in Green Plains during the fourth quarter worth $234,000.

Green Plains Stock Up 0.5 %

GPRE stock opened at $16.60 on Friday. Green Plains Inc. has a one year low of $14.40 and a one year high of $36.02. The stock has a market capitalization of $1.07 billion, a P/E ratio of -13.49 and a beta of 1.50. The company has a 50 day moving average price of $18.35 and a two-hundred day moving average price of $21.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75.

Green Plains (NASDAQ:GPRE) last released its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.48). Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The business had revenue of $597.20 million during the quarter, compared to analyst estimates of $654.40 million. During the same quarter in the previous year, the company posted ($1.20) earnings per share. The business’s revenue for the quarter was down 28.3% compared to the same quarter last year. As a group, sell-side analysts expect that Green Plains Inc. will post -0.24 EPS for the current year.

Analyst Ratings Changes

GPRE has been the topic of several research reports. Stephens reissued an “equal weight” rating and issued a $24.00 target price on shares of Green Plains in a report on Tuesday, May 7th. Craig Hallum dropped their target price on shares of Green Plains from $37.00 to $34.00 and set a “buy” rating for the company in a report on Monday, May 6th. Bank of America cut their target price on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Roth Mkm lowered their price target on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Finally, Truist Financial restated a “buy” rating and set a $35.00 price objective on shares of Green Plains in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Green Plains has a consensus rating of “Moderate Buy” and an average price target of $30.38.

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.