Green Plains, Inc. $GPRE Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Green Plains, Inc. (NASDAQ:GPRE) by 72.9% during the fourth quarter, Holdings Channel reports. The firm owned 70,808 shares of the specialty chemicals company’s stock after acquiring an additional 29,847 shares during the quarter. Hsbc Holdings PLC’s holdings in Green Plains were worth $691,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GPRE. AQR Capital Management LLC raised its holdings in shares of Green Plains by 62.5% in the first quarter. AQR Capital Management LLC now owns 152,731 shares of the specialty chemicals company’s stock valued at $741,000 after buying an additional 58,767 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Green Plains by 69.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 559,216 shares of the specialty chemicals company’s stock worth $2,712,000 after buying an additional 229,353 shares in the last quarter. Creative Planning raised its position in Green Plains by 6.9% in the second quarter. Creative Planning now owns 42,977 shares of the specialty chemicals company’s stock worth $259,000 after acquiring an additional 2,759 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Green Plains by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 100,159 shares of the specialty chemicals company’s stock valued at $604,000 after purchasing an additional 1,246 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Green Plains during the 2nd quarter valued at approximately $297,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GPRE shares. Wall Street Zen downgraded Green Plains from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Zacks Research downgraded Green Plains from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Stephens increased their price objective on shares of Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. BMO Capital Markets increased their target price on Green Plains from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Green Plains has a consensus rating of “Hold” and a consensus target price of $14.29.

Green Plains Trading Down 2.0%

GPRE opened at $16.77 on Thursday. The stock has a market capitalization of $1.18 billion, a PE ratio of -50.82 and a beta of 1.19. The firm’s fifty day moving average price is $15.75 and its 200 day moving average price is $14.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.71 and a quick ratio of 1.27. Green Plains, Inc. has a 12-month low of $7.07 and a 12-month high of $18.94.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.43. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.The business had revenue of $445.80 million during the quarter, compared to the consensus estimate of $532.53 million. During the same period last year, the firm earned ($1.14) earnings per share. The company’s revenue for the quarter was down 25.9% compared to the same quarter last year. As a group, research analysts expect that Green Plains, Inc. will post 2.1 EPS for the current fiscal year.

Green Plains Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.