Skandinaviska Enskilda Banken AB publ Has $1.27 Million Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 42.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 142,000 shares of the specialty chemicals company’s stock after purchasing an additional 42,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Green Plains were worth $1,267,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Green Plains by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company’s stock worth $2,971,000 after acquiring an additional 8,750 shares during the period. Barclays PLC lifted its holdings in Green Plains by 71.5% during the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock valued at $1,935,000 after purchasing an additional 59,564 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 purchasing an additional 159,147 shares during the period. Paloma Partners Management Co acquired a new position in shares of Green Plains in the third quarter valued at $840,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Green Plains by 1,122.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after purchasing an additional 646,507 shares during the last quarter.

Green Plains Price Performance

Green Plains stock opened at $5.60 on Tuesday. The stock’s fifty day moving average price is $7.51 and its two-hundred day moving average price is $10.19. The firm has a market cap of $362.48 million, a PE ratio of -4.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. Green Plains Inc. has a one year low of $4.78 and a one year high of $24.04.

Green Plains (NASDAQ:GPRE) last posted 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 net margin of 3.36% and a negative return on equity of 11.88%. During the same period last year, the company posted $0.13 earnings per share. As a group, research analysts expect that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GPRE. Stephens upgraded shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. Truist Financial restated a “buy” rating and set a $12.00 price objective (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. BMO Capital Markets decreased their target price on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, February 10th. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Finally, UBS Group downgraded Green Plains from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.50 to $7.00 in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.89.

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.