Geode Capital Management LLC Sells 10,010 Shares of Green Plains Inc. (NASDAQ:GPRE)

Geode Capital Management LLC reduced its stake in Green Plains Inc. (NASDAQ:GPRE) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,517,313 shares of the specialty chemicals company’s stock after selling 10,010 shares during the period. Geode Capital Management LLC owned about 2.35% of Green Plains worth $20,549,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kailix Advisors LLC grew its holdings in shares of Green Plains by 39.8% in 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 during the last quarter. Lumbard & Kellner LLC purchased a new stake in Green Plains during the 2nd quarter valued at $4,685,000. American Century Companies Inc. grew its holdings in Green Plains by 287.6% in the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock worth $5,275,000 after acquiring an additional 246,773 shares during the last quarter. Wolf Hill Capital Management LP increased its position in shares of Green Plains by 13.7% in the second quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after acquiring an additional 240,849 shares during the period. Finally, Clifford Capital Partners LLC raised its stake in shares of Green Plains by 53.7% during the second quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company’s stock valued at $8,105,000 after acquiring an additional 178,484 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GPRE. StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Stephens upgraded Green Plains to a “hold” rating in a research report on Monday, December 2nd. Finally, Truist Financial decreased their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Price Performance

Shares of GPRE stock opened at $9.08 on Friday. The business’s fifty day moving average is $10.88 and its 200 day moving average is $13.22. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The stock has a market cap of $587.03 million, a price-to-earnings ratio of -23.89 and a beta of 1.44. Green Plains Inc. has a twelve month low of $8.96 and a twelve month high of $25.75.

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.