Maven Securities LTD Trims Holdings in Green Plains Inc. (NASDAQ:GPRE)

Maven Securities LTD decreased its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 77.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the specialty chemicals company’s stock after selling 350,000 shares during the quarter. Maven Securities LTD owned 0.15% of Green Plains worth $1,586,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Green Plains in the 2nd quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Green Plains in the second quarter valued at approximately $41,000. Crewe Advisors LLC purchased a new stake in Green Plains in the 1st quarter worth approximately $150,000. DRW Securities LLC acquired a new stake in shares of Green Plains during the 2nd quarter worth approximately $168,000. Finally, Equitable Trust Co. purchased a new position in shares of Green Plains during the 2nd quarter valued at approximately $191,000.

Green Plains Stock Performance

NASDAQ:GPRE opened at $13.07 on Wednesday. Green Plains Inc. has a twelve month low of $11.63 and a twelve month high of $31.92. The company has a market cap of $844.57 million, a P/E ratio of -10.63 and a beta of 1.53. 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’s 50-day moving average price is $14.26 and its 200-day moving average price is $17.28.

Green Plains (NASDAQ:GPRE) last issued 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). 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 for the quarter, compared to analyst estimates of $646.70 million. During the same quarter in the prior year, the firm earned ($0.89) earnings per share. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. On average, sell-side analysts forecast that Green Plains Inc. will post -0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GPRE. Craig Hallum lowered their price target on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Truist Financial restated a “buy” rating and set a $25.00 target price (down from $30.00) on shares of Green Plains in a research report on Monday, August 5th. UBS Group reduced their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. 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. Finally, Oppenheimer cut Green Plains from an “outperform” rating to a “market perform” rating in a research 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.

Green Plains Company 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.