61,700 Shares in Green Plains Inc. (NASDAQ:GPRE) Bought by Thomist Capital Management LP

Thomist Capital Management LP bought a new stake in shares of Green Plains Inc. (NASDAQ:GPRE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 61,700 shares of the specialty chemicals company’s stock, valued at approximately $1,011,000. Green Plains makes up approximately 0.4% of Thomist Capital Management LP’s holdings, making the stock its 29th largest holding. Thomist Capital Management LP owned approximately 0.10% of Green Plains as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Green Plains by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the specialty chemicals company’s stock valued at $19,892,000 after acquiring an additional 27,180 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Green Plains in the fourth quarter worth $257,000. Clearbridge Investments LLC lifted its stake in shares of Green Plains by 2.1% during the fourth quarter. Clearbridge Investments LLC now owns 85,590 shares of the specialty chemicals company’s stock worth $2,159,000 after buying an additional 1,794 shares during the period. Trexquant Investment LP grew its holdings in shares of Green Plains by 1,498.3% during the fourth quarter. Trexquant Investment LP now owns 151,360 shares of the specialty chemicals company’s stock valued at $3,817,000 after buying an additional 141,890 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Green Plains during the fourth quarter valued at $26,000.

Green Plains Stock Up 0.4 %

GPRE stock opened at $13.42 on Thursday. Green Plains Inc. has a one year low of $11.63 and a one year high of $32.90. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. The firm’s fifty day moving average is $14.78 and its 200 day moving average is $17.71. The firm has a market cap of $867.19 million, a PE ratio of -10.91 and a beta of 1.53.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The business had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. Green Plains’s revenue was down 27.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.89) earnings per share. On average, research analysts forecast that Green Plains Inc. will post -0.95 EPS for the current year.

Analyst Upgrades and Downgrades

GPRE has been the subject of a number of research reports. Truist Financial reaffirmed a “buy” rating and set a $25.00 price target (down previously from $30.00) on shares of Green Plains in a research report on Monday, August 5th. Craig Hallum dropped their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets cut their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. Finally, UBS Group cut their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.28.

Green Plains 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.