Tudor Investment Corp ET AL Buys New Position in Green Plains, Inc. $GPRE

Tudor Investment Corp ET AL purchased a new position in shares of Green Plains, Inc. (NASDAQ:GPRE) in the 3rd quarter, HoldingsChannel reports. The firm purchased 381,254 shares of the specialty chemicals company’s stock, valued at approximately $3,351,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Green Plains by 192.2% in the 3rd quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 2,991 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Green Plains by 19.0% during the second quarter. PNC Financial Services Group Inc. now owns 10,122 shares of the specialty chemicals company’s stock worth $61,000 after buying an additional 1,619 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Green Plains in the second quarter valued at $61,000. Quarry LP acquired a new position in Green Plains in the third quarter valued at $67,000. Finally, Quadrature Capital Ltd bought a new stake in Green Plains during the second quarter valued at $75,000.

Green Plains Trading Up 1.9%

Shares of Green Plains stock opened at $16.50 on Friday. The stock has a market capitalization of $1.15 billion, a PE ratio of -8.73, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. Green Plains, Inc. has a 52 week low of $3.14 and a 52 week high of $16.88. The stock has a 50 day moving average price of $13.98 and a two-hundred day moving average price of $11.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.79.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. Green Plains had a negative return on equity of 8.70% and a negative net margin of 5.80%.The company had revenue of $428.85 million for the quarter, compared to analyst estimates of $536.56 million. During the same period in the prior year, the firm earned ($0.86) earnings per share. Green Plains’s revenue for the quarter was down 26.6% on a year-over-year basis. As a group, equities analysts anticipate that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GPRE has been the topic of a number of recent analyst reports. Wall Street Zen raised Green Plains from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Zacks Research raised Green Plains from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Stephens raised shares of Green Plains from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $10.00 to $17.00 in a research report on Monday, February 9th. BMO Capital Markets boosted their target price on shares of Green Plains from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.29.

Green Plains Company 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.