Green Plains Inc. (NASDAQ:GPRE) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp grew its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 42.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,776 shares of the specialty chemicals company’s stock after buying an additional 49,201 shares during the period. Cibc World Markets Corp’s holdings in Green Plains were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of GPRE. Van ECK Associates Corp lifted its holdings in Green Plains by 433.3% during the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 2,717 shares during the last quarter. Quest Partners LLC purchased a new stake in Green Plains during the 3rd quarter worth about $52,000. KBC Group NV lifted its holdings in Green Plains by 120.7% during the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after buying an additional 3,320 shares during the last quarter. Cape Investment Advisory Inc. lifted its holdings in Green Plains by 340.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after buying an additional 5,450 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Green Plains in the 4th quarter valued at about $117,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. BMO Capital Markets reduced 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 target price (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. UBS Group downgraded Green Plains from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. Finally, Jefferies Financial Group downgraded Green Plains from a “buy” rating to a “hold” rating and reduced their target price for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Green Plains presently has a consensus rating of “Hold” and a consensus target price of $18.89.

Green Plains Price Performance

Shares of GPRE opened at $5.33 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $7.14 and its two-hundred day moving average is $9.99. Green Plains Inc. has a twelve month low of $4.78 and a twelve month high of $24.04. The firm has a market capitalization of $345.01 million, a PE ratio of -3.92 and a beta of 1.55.

Green Plains (NASDAQ:GPRE) last released its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the firm posted $0.13 EPS. Research analysts anticipate that Green Plains Inc. will post -0.5 earnings per share for the current 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.