Charles Schwab Investment Management Inc. Increases Position in Green Plains Inc. (NASDAQ:GPRE)

Charles Schwab Investment Management Inc. lifted its holdings in Green Plains Inc. (NASDAQ:GPRE) by 21.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,401,476 shares of the specialty chemicals company’s stock after buying an additional 250,738 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.17% of Green Plains worth $13,286,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC boosted its stake in Green Plains by 4.1% in the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock valued at $355,000 after acquiring an additional 1,488 shares during the last quarter. Van ECK Associates Corp lifted its stake in Green Plains by 433.3% in the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 2,717 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Green Plains by 4.7% in the fourth quarter. New York State Teachers Retirement System now owns 65,154 shares of the specialty chemicals company’s stock valued at $618,000 after purchasing an additional 2,900 shares during the last quarter. KBC Group NV lifted its stake 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 valued at $58,000 after purchasing an additional 3,320 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in Green Plains in the third quarter valued at approximately $52,000.

Green Plains Trading Up 1.3 %

NASDAQ GPRE opened at $5.33 on Friday. The company has a 50 day moving average price of $7.14 and a 200 day moving average price of $9.99. The firm has a market cap of $345.01 million, a PE ratio of -3.92 and a beta of 1.55. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. Green Plains Inc. has a 52 week low of $4.78 and a 52 week high of $24.04.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates 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 earned $0.13 earnings per share. As a group, sell-side analysts forecast that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Analyst Ratings Changes

GPRE has been the subject of a number of research reports. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Jefferies Financial Group downgraded shares of Green Plains from a “buy” rating to a “hold” rating and cut their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. BMO Capital Markets cut their price objective on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. Truist Financial reaffirmed a “buy” rating and issued a $12.00 price target (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.89.

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.