272 Capital LP Has $6.98 Million Stock Position in Green Plains Inc. (NASDAQ:GPRE)

272 Capital LP boosted its position in Green Plains Inc. (NASDAQ:GPRE) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 440,058 shares of the specialty chemicals company’s stock after acquiring an additional 40,546 shares during the quarter. Green Plains accounts for 3.5% of 272 Capital LP’s holdings, making the stock its 7th largest holding. 272 Capital LP owned 0.68% of Green Plains worth $6,979,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GPRE. Quest Partners LLC acquired a new position in Green Plains during the fourth quarter worth about $26,000. Crewe Advisors LLC bought a new position in Green Plains in the 1st quarter valued at approximately $150,000. DRW Securities LLC bought a new position in Green Plains in the 2nd quarter valued at approximately $168,000. Equitable Trust Co. acquired a new stake in Green Plains in the second quarter valued at approximately $191,000. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Green Plains during the fourth quarter worth $196,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on GPRE. UBS Group dropped their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research note on Monday, August 19th. Oppenheimer cut Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Truist Financial reiterated a “buy” rating and issued a $25.00 price objective (down previously from $30.00) on shares of Green Plains in a report on Monday, August 5th. Craig Hallum reduced their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, BMO Capital Markets decreased their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Green Plains has a consensus rating of “Moderate Buy” and a consensus target price of $26.28.

Green Plains Trading Down 2.7 %

NASDAQ:GPRE opened at $12.93 on Tuesday. Green Plains Inc. has a 52 week low of $11.63 and a 52 week high of $31.92. 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 $14.59 and its 200-day moving average is $17.53. The firm has a market cap of $835.52 million, a P/E ratio of -10.51 and a beta of 1.53.

Green Plains (NASDAQ:GPRE) last issued its quarterly 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). Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The firm had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. During the same period last year, the company posted ($0.89) EPS. The business’s revenue was down 27.8% compared to the same quarter last year. Equities analysts expect that Green Plains Inc. will post -0.95 earnings per share for the current year.

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.