Dimensional Fund Advisors LP Has $30.36 Million Stake in Green Plains Inc. (NASDAQ:GPRE)

Dimensional Fund Advisors LP lowered its holdings in Green Plains Inc. (NASDAQ:GPRE) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,913,853 shares of the specialty chemicals company’s stock after selling 27,819 shares during the period. Dimensional Fund Advisors LP owned about 2.96% of Green Plains worth $30,356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPRE. Crewe Advisors LLC bought a new position in shares of Green Plains in the 1st quarter valued at about $150,000. Equitable Trust Co. bought a new position in Green Plains in the second quarter valued at approximately $191,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Green Plains by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,917 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 1,456 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Green Plains during the 4th quarter worth approximately $234,000. Finally, Quarry LP boosted its holdings in shares of Green Plains by 41.8% in the 4th quarter. Quarry LP now owns 9,911 shares of the specialty chemicals company’s stock valued at $250,000 after buying an additional 2,923 shares during the last quarter.

Green Plains Trading Down 3.5 %

Shares of NASDAQ:GPRE opened at $13.07 on Wednesday. The business’s 50 day simple moving average is $14.26 and its 200 day simple moving average is $17.28. Green Plains Inc. has a 1 year low of $11.63 and a 1 year high of $31.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11. The company has a market capitalization of $844.57 million, a P/E ratio of -10.63 and a beta of 1.53.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results 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). Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The company had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same quarter in the previous year, the business posted ($0.89) EPS. The firm’s revenue for the quarter was down 27.8% on a year-over-year basis. On average, research analysts anticipate that Green Plains Inc. will post -0.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Craig Hallum dropped their price target on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. BMO Capital Markets lowered their price target on 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. Truist Financial reiterated a “buy” rating and set a $25.00 target price (down from $30.00) on shares of Green Plains in a research note on Monday, August 5th. Finally, UBS Group dropped their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. One investment 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’s stock. Based on data from MarketBeat.com, Green Plains currently has a consensus rating of “Moderate Buy” and an average 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.