Rhumbline Advisers Acquires 5,830 Shares of Green Plains Inc. (NASDAQ:GPRE)

Rhumbline Advisers grew its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 208,216 shares of the specialty chemicals company’s stock after buying an additional 5,830 shares during the period. Rhumbline Advisers owned approximately 0.32% of Green Plains worth $1,974,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in Green Plains by 2.3% during the third 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. Future Fund LLC grew its stake in shares of Green Plains by 15.6% during the third quarter. Future Fund LLC now owns 69,707 shares of the specialty chemicals company’s stock valued at $944,000 after purchasing an additional 9,410 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Green Plains in the 3rd quarter valued at $52,000. Intech Investment Management LLC acquired a new stake in Green Plains in the third quarter worth about $215,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Green Plains by 16.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after buying an additional 159,147 shares during the last quarter.

Green Plains Stock Down 7.8 %

Green Plains stock opened at $5.41 on Tuesday. Green Plains Inc. has a twelve month low of $5.39 and a twelve month high of $24.04. The stock has a market cap of $350.18 million, a P/E ratio of -3.98 and a beta of 1.44. The company’s 50-day moving average price is $8.33 and its two-hundred day moving average price is $10.79. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same quarter in the prior year, the business earned $0.13 EPS. As a group, analysts expect that Green Plains Inc. will post -0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GPRE. Stephens raised Green Plains to a “hold” rating in a research note on Monday, December 2nd. BMO Capital Markets lowered their target price on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. Truist Financial reissued a “buy” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Finally, StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Green Plains currently has an average rating of “Hold” and a consensus price target of $22.56.

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.