New York State Teachers Retirement System Has $618,000 Stock Position in Green Plains Inc. (NASDAQ:GPRE)

New York State Teachers Retirement System boosted its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,154 shares of the specialty chemicals company’s stock after purchasing an additional 2,900 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Green Plains worth $618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp boosted its stake in Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 2,717 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Green Plains during the 3rd quarter valued at about $52,000. KBC Group NV raised its position in Green Plains by 120.7% in the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 3,320 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Green Plains during the third quarter worth about $155,000. Finally, GAMMA Investing LLC lifted its stake in Green Plains by 1,207.7% during the fourth quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company’s stock worth $133,000 after purchasing an additional 12,959 shares during the period.

Green Plains Stock Performance

Shares of Green Plains stock opened at $6.41 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $8.72 and a 200 day simple moving average of $11.06. Green Plains Inc. has a fifty-two week low of $5.95 and a fifty-two week high of $24.04. The firm has a market cap of $414.91 million, a P/E ratio of -4.71 and a beta of 1.44.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period last year, the business posted $0.13 EPS. Sell-side analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BMO Capital Markets dropped their target price on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Truist Financial restated a “buy” rating and issued a $12.00 target price (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, Stephens upgraded shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.56.

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.