Skandinaviska Enskilda Banken AB publ Increases Stake in Green Plains Inc. (NASDAQ:GPRE)

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 278.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,500 shares of the specialty chemicals company’s stock after acquiring an additional 103,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.22% of Green Plains worth $2,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Green Plains by 10.6% during the first quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after purchasing an additional 447,825 shares in the last quarter. Broad Bay Capital Management LP grew its stake in shares of Green Plains by 17.6% during the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after acquiring an additional 352,000 shares during the period. William Blair Investment Management LLC increased its holdings in Green Plains by 3.6% in the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock worth $29,669,000 after acquiring an additional 65,637 shares in the last quarter. Wolf Hill Capital Management LP raised its stake in Green Plains by 3,036.9% during the 1st quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after acquiring an additional 1,697,784 shares during the period. Finally, Kailix Advisors LLC lifted its holdings in Green Plains by 39.8% during the second quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after purchasing an additional 382,517 shares in the last quarter.

Green Plains Stock Down 2.7 %

NASDAQ GPRE opened at $12.93 on Tuesday. The stock has a 50 day moving average price of $14.59 and a 200-day moving average price of $17.53. Green Plains Inc. has a one year low of $11.63 and a one year high of $31.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. The company has a market capitalization of $835.52 million, a P/E ratio of -10.51 and a beta of 1.53.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The business had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The business’s quarterly revenue was down 27.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.89) earnings per share. As a group, equities analysts predict that Green Plains Inc. will post -0.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GPRE shares. BMO Capital Markets decreased their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Craig Hallum cut their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Truist Financial reissued a “buy” rating and issued a $25.00 price target (down from $30.00) on shares of Green Plains in a report on Monday, August 5th. Finally, UBS Group cut their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Green Plains has a consensus rating of “Moderate Buy” and a consensus target price of $26.28.

Green Plains 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.