Principal Financial Group Inc. Sells 13,968 Shares of Green Plains Inc. (NASDAQ:GPRE)

Principal Financial Group Inc. trimmed its holdings in Green Plains Inc. (NASDAQ:GPRE) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,696 shares of the specialty chemicals company’s stock after selling 13,968 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Green Plains worth $4,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its stake in shares of Green Plains by 2.3% in the 3rd quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company’s stock valued at $843,000 after purchasing an additional 1,400 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Green Plains during the third quarter worth $153,000. Inspire Advisors LLC acquired a new stake in Green Plains during the 3rd quarter worth approximately $185,000. nVerses Capital LLC acquired a new stake in Green Plains in the 3rd quarter valued at approximately $65,000. Finally, Inspire Investing LLC boosted its position in Green Plains by 39.2% during the third quarter. Inspire Investing LLC now owns 33,087 shares of the specialty chemicals company’s stock valued at $448,000 after purchasing an additional 9,325 shares during the last quarter.

Green Plains Price Performance

GPRE stock opened at $11.09 on Friday. The company has a market capitalization of $716.65 million, a P/E ratio of -28.63 and a beta of 1.53. Green Plains Inc. has a 52-week low of $10.36 and a 52-week high of $28.50. The business has a 50-day simple moving average of $12.27 and a two-hundred day simple moving average of $14.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78.

Wall Street Analyst Weigh In

GPRE has been the subject of several research reports. Craig Hallum cut their price target on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Truist Financial lowered their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, UBS Group lowered their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Green Plains currently has an average rating of “Moderate Buy” and an average target price of $25.50.

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.