The Manufacturers Life Insurance Company Grows Position in Green Plains Inc. (NASDAQ:GPRE)

The Manufacturers Life Insurance Company raised its position in Green Plains Inc. (NASDAQ:GPRE) by 11.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,342 shares of the specialty chemicals company’s stock after purchasing an additional 3,356 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of Green Plains worth $529,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GPRE. Point72 Hong Kong Ltd purchased a new position in shares of Green Plains in the 2nd quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Green Plains in the 2nd quarter worth about $41,000. Crewe Advisors LLC purchased a new position in shares of Green Plains in the 1st quarter worth about $150,000. DRW Securities LLC purchased a new position in shares of Green Plains in the 2nd quarter worth about $168,000. Finally, Equitable Trust Co. purchased a new stake in shares of Green Plains during the 2nd quarter valued at about $191,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets dropped their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. 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 report on Wednesday, August 7th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. UBS Group dropped their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. Finally, Truist Financial restated a “buy” rating and set a $25.00 price objective (down previously from $30.00) on shares of Green Plains in a research note on Monday, August 5th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.28.

Green Plains Stock Down 4.1 %

GPRE opened at $11.70 on Wednesday. Green Plains Inc. has a one year low of $11.63 and a one year 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 stock’s fifty day moving average is $13.38 and its 200-day moving average is $16.59. The company has a market capitalization of $756.04 million, a PE ratio of -9.51 and a beta of 1.52.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data 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 return on equity of 4.94% and a negative net margin of 1.64%. The firm had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same period in the prior year, the firm posted ($0.89) EPS. The firm’s quarterly revenue was down 27.8% on a year-over-year basis. On average, equities analysts predict that Green Plains Inc. will post -0.95 EPS for the current fiscal year.

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.