295,400 Shares in Green Plains Inc. (NASDAQ:GPRE) Acquired by Lumbard & Kellner LLC

Lumbard & Kellner LLC purchased a new stake in Green Plains Inc. (NASDAQ:GPRE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 295,400 shares of the specialty chemicals company’s stock, valued at approximately $4,685,000. Green Plains comprises 2.2% of Lumbard & Kellner LLC’s holdings, making the stock its 18th largest position. Lumbard & Kellner LLC owned approximately 0.46% of Green Plains as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GPRE. Broad Bay Capital Management LP lifted its holdings in shares of Green Plains by 17.6% during the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after buying an additional 352,000 shares in the last quarter. Vanguard Group Inc. raised its stake in Green Plains by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock worth $106,266,000 after purchasing an additional 53,320 shares in the last quarter. Masters Capital Management LLC boosted its holdings in Green Plains by 25.0% in the 4th quarter. Masters Capital Management LLC now owns 500,000 shares of the specialty chemicals company’s stock valued at $12,610,000 after purchasing an additional 100,000 shares during the period. Rafferty Asset Management LLC grew its position in shares of Green Plains by 73.4% during the 4th quarter. Rafferty Asset Management LLC now owns 167,954 shares of the specialty chemicals company’s stock worth $4,236,000 after purchasing an additional 71,099 shares in the last quarter. Finally, Clifford Capital Partners LLC bought a new position in shares of Green Plains during the first quarter worth approximately $7,688,000.

Green Plains Trading Up 3.8 %

GPRE opened at $13.37 on Wednesday. The company has a market cap of $863.96 million, a P/E ratio of -10.87 and a beta of 1.53. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $14.82 and its 200-day moving average is $17.74. Green Plains Inc. has a 1-year low of $11.63 and a 1-year high of $33.75.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The company had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The business’s quarterly revenue was down 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.89) EPS. Equities research analysts predict that Green Plains Inc. will post -0.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $25.00 price target (down from $30.00) on shares of Green Plains in a research note on Monday, August 5th. BMO Capital Markets reduced 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. UBS Group decreased their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. Craig Hallum cut their price objective on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Oppenheimer lowered shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.28.

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.