Point72 Asia Singapore Pte. Ltd. Takes Position in Green Plains Inc. (NASDAQ:GPRE)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Green Plains Inc. (NASDAQ:GPRE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,614 shares of the specialty chemicals company’s stock, valued at approximately $41,000.

A number of other hedge funds also recently bought and sold shares of GPRE. Point72 Hong Kong Ltd purchased a new stake in shares of Green Plains in the second quarter valued at approximately $29,000. Crewe Advisors LLC purchased a new stake in Green Plains in the 1st quarter worth $150,000. Virtu Financial LLC acquired a new position in Green Plains during the fourth quarter worth $234,000. Quarry LP lifted its holdings in Green Plains by 41.8% during the fourth quarter. Quarry LP now owns 9,911 shares of the specialty chemicals company’s stock valued at $250,000 after purchasing an additional 2,923 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Green Plains in the second quarter valued at about $168,000.

Green Plains Price Performance

Green Plains stock opened at $13.54 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $14.32 and a 200 day moving average price of $17.32. Green Plains Inc. has a 12-month low of $11.63 and a 12-month high of $31.92. The stock has a market cap of $874.94 million, a P/E ratio of -11.01 and a beta of 1.53.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The firm had revenue of $618.83 million for the quarter, compared to analysts’ expectations of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The firm’s quarterly revenue was down 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.89) EPS. Sell-side analysts anticipate that Green Plains Inc. will post -0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.