Amundi Grows Stock Holdings in Green Plains Inc. (NASDAQ:GPRE)

Amundi raised its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 50.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,231 shares of the specialty chemicals company’s stock after buying an additional 29,262 shares during the quarter. Amundi owned about 0.13% of Green Plains worth $872,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GPRE. Assenagon Asset Management S.A. lifted its position 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 valued at $6,675,000 after buying an additional 646,507 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Green Plains by 21.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock valued at $13,286,000 after buying an additional 250,738 shares during the last quarter. Point72 Asset Management L.P. lifted its position 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 valued at $7,530,000 after buying an additional 126,795 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Green Plains during the third quarter valued at about $1,572,000. Finally, State Street Corp lifted its position 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 valued at $52,945,000 after buying an additional 111,501 shares during the last quarter.

Green Plains Price Performance

Shares of NASDAQ:GPRE opened at $5.28 on Thursday. Green Plains Inc. has a twelve month low of $4.78 and a twelve month high of $24.04. The company’s 50 day moving average is $7.32 and its 200 day moving average is $10.09. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The company has a market cap of $341.77 million, a PE ratio of -3.88 and a beta of 1.55.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on GPRE shares. Jefferies Financial Group downgraded shares of Green Plains from a “buy” rating to a “hold” rating and cut their price objective for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. Stephens upgraded shares of Green Plains to a “hold” rating in a report on Monday, December 2nd. Truist Financial restated a “buy” rating and set a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a report on Thursday, February 13th. BMO Capital Markets cut their price objective on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, February 10th. Finally, UBS Group downgraded shares of Green Plains from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.89.

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.