Monaco Asset Management SAM Invests $970,000 in Green Plains Inc. (NASDAQ:GPRE)

Monaco Asset Management SAM purchased a new position in Green Plains Inc. (NASDAQ:GPRE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 102,278 shares of the specialty chemicals company’s stock, valued at approximately $970,000. Monaco Asset Management SAM owned 0.16% of Green Plains at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC bought a new position in Green Plains in the 4th quarter worth about $117,000. Kailix Advisors LLC boosted its holdings in shares of Green Plains by 15.3% in the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock valued at $12,484,000 after purchasing an additional 174,519 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in Green Plains by 42.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 142,000 shares of the specialty chemicals company’s stock worth $1,267,000 after purchasing an additional 42,400 shares in the last quarter. Inspire Advisors LLC grew its stake in Green Plains by 21.7% in the fourth quarter. Inspire Advisors LLC now owns 16,605 shares of the specialty chemicals company’s stock worth $157,000 after purchasing an additional 2,959 shares in the last quarter. Finally, Amundi grew its stake in Green Plains by 50.5% in the fourth quarter. Amundi now owns 87,231 shares of the specialty chemicals company’s stock worth $872,000 after purchasing an additional 29,262 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on GPRE. UBS Group cut Green Plains from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. Jefferies Financial Group cut Green Plains from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a research note 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 note on Thursday, February 13th. Finally, BMO Capital Markets cut their price objective on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Green Plains currently has a consensus rating of “Hold” and an average target price of $18.89.

Green Plains Trading Up 1.4 %

NASDAQ GPRE opened at $5.08 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The firm has a market cap of $328.82 million, a PE ratio of -3.74 and a beta of 1.55. The company has a 50 day moving average price of $7.69 and a 200 day moving average price of $10.36. Green Plains Inc. has a 52 week low of $4.78 and a 52 week high of $24.04.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) 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 quarter in the prior year, the business posted $0.13 EPS. As a group, sell-side analysts forecast that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

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.