Green Plains Inc. (NASDAQ:GPRE) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in Green Plains Inc. (NASDAQ:GPRE) by 58.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,929 shares of the specialty chemicals company’s stock after selling 218,000 shares during the quarter. Renaissance Technologies LLC owned about 0.24% of Green Plains worth $2,457,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GPRE. Vanguard Group Inc. grew 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 worth $107,771,000 after buying an additional 447,825 shares during the period. Broad Bay Capital Management LP grew its holdings in shares of Green Plains by 17.6% in the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after acquiring an additional 352,000 shares during the period. William Blair Investment Management LLC increased its stake 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 valued at $29,669,000 after purchasing an additional 65,637 shares in the last quarter. Wolf Hill Capital Management LP raised its holdings in Green Plains by 3,036.9% during the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after purchasing an additional 1,697,784 shares during the last quarter. Finally, Kailix Advisors LLC boosted its position 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 worth $22,406,000 after purchasing an additional 382,517 shares in the last quarter.

Green Plains Trading Down 3.5 %

Shares of Green Plains stock opened at $13.07 on Wednesday. Green Plains Inc. has a fifty-two week low of $11.63 and a fifty-two week high of $31.92. The business’s fifty day moving average is $14.26 and its two-hundred day moving average is $17.28. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.55. The firm has a market cap of $844.57 million, a PE ratio of -10.63 and a beta of 1.53.

Green Plains (NASDAQ:GPRE) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The business had revenue of $618.83 million for 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% compared to the same quarter last year. During the same quarter last year, the company posted ($0.89) earnings per share. Analysts anticipate that Green Plains Inc. will post -0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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