State of Alaska Department of Revenue Sells 1,043 Shares of Green Plains Inc. (NASDAQ:GPRE)

State of Alaska Department of Revenue trimmed its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,896 shares of the specialty chemicals company’s stock after selling 1,043 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Green Plains worth $499,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in Green Plains in the 2nd quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Green Plains during the second quarter worth about $41,000. nVerses Capital LLC bought a new position in shares of Green Plains during the third quarter worth about $65,000. Crewe Advisors LLC acquired a new stake in Green Plains in the 1st quarter valued at approximately $150,000. Finally, DRW Securities LLC bought a new stake in Green Plains in the 2nd quarter valued at approximately $168,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GPRE. UBS Group lowered their price objective 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. BMO Capital Markets decreased their target price on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Truist Financial cut their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Craig Hallum decreased their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Oppenheimer lowered 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 assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Price Performance

GPRE stock opened at $11.37 on Friday. The company has a market capitalization of $734.76 million, a P/E ratio of -29.91 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. Green Plains Inc. has a 52-week low of $10.74 and a 52-week high of $28.50. The company has a fifty day moving average price of $12.63 and a 200-day moving average price of $15.35.

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 analysts’ consensus estimates of ($0.03) by ($0.35). Green Plains had a negative net margin of 0.79% and a negative return on equity of 4.81%. The company had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same quarter last year, the firm posted ($0.89) EPS. The company’s quarterly revenue was down 27.8% on a year-over-year basis. As a group, equities analysts expect that Green Plains Inc. will post -0.49 EPS for the current year.

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.