SG Americas Securities LLC Boosts Holdings in Green Plains Inc. (NASDAQ:GPRE)

SG Americas Securities LLC lifted its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,479 shares of the specialty chemicals company’s stock after buying an additional 1,488 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Green Plains worth $355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in shares of Green Plains by 2.9% during the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock worth $52,945,000 after buying an additional 111,501 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Green Plains by 16.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after buying an additional 159,147 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Green Plains by 1,122.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after buying an additional 646,507 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Green Plains by 29.5% during the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock worth $7,530,000 after buying an additional 126,795 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after buying an additional 59,564 shares in the last quarter.

Green Plains Trading Down 3.4 %

Shares of GPRE stock opened at $8.63 on Tuesday. The firm’s 50 day moving average price is $9.94 and its two-hundred day moving average price is $12.14. Green Plains Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $25.24. 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 $557.93 million, a price-to-earnings ratio of -22.71, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GPRE shares. Truist Financial lowered their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Finally, Stephens upgraded shares of Green Plains to a “hold” rating in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.44.

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.