Masters Capital Management LLC Reduces Position in Green Plains Inc. (NASDAQ:GPRE)

Masters Capital Management LLC reduced its stake in Green Plains Inc. (NASDAQ:GPRE) by 28.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 500,000 shares of the specialty chemicals company’s stock after selling 200,000 shares during the quarter. Masters Capital Management LLC owned approximately 0.77% of Green Plains worth $7,930,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Jump Financial LLC bought a new stake in Green Plains during the 4th quarter worth approximately $257,000. Quest Partners LLC bought a new stake in Green Plains during the fourth quarter valued at about $26,000. Cape Investment Advisory Inc. bought a new stake in Green Plains during the fourth quarter valued at about $196,000. Hsbc Holdings PLC lifted its position in shares of Green Plains by 34.2% in the fourth quarter. Hsbc Holdings PLC now owns 703,798 shares of the specialty chemicals company’s stock valued at $17,919,000 after acquiring an additional 179,511 shares in the last quarter. Finally, Crestline Management LP boosted its stake in shares of Green Plains by 13.7% in the fourth quarter. Crestline Management LP now owns 263,729 shares of the specialty chemicals company’s stock worth $6,651,000 after acquiring an additional 31,690 shares during the period.

Wall Street Analyst Weigh In

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

Green Plains Price Performance

Shares of GPRE stock opened at $12.93 on Tuesday. The stock has a 50 day moving average price of $14.59 and a 200 day moving average price of $17.53. 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 has a market capitalization of $835.52 million, a P/E ratio of -10.51 and a beta of 1.53.

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

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.