Renaissance Technologies LLC Has $11.17 Million Stock Position in Green Plains, Inc. $GPRE

Renaissance Technologies LLC lessened its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE) by 43.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 679,277 shares of the specialty chemicals company’s stock after selling 528,800 shares during the period. Renaissance Technologies LLC’s holdings in Green Plains were worth $11,174,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a report on Friday, July 17th. UBS Group upped their price objective on shares of Green Plains from $12.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Zacks Research cut shares of Green Plains from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Stephens lifted their target price on shares of Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Green Plains from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.43.

Green Plains Stock Down 2.5%

Shares of Green Plains stock opened at $16.85 on Friday. The stock’s 50-day moving average is $15.91 and its 200 day moving average is $15.22. Green Plains, Inc. has a one year low of $7.07 and a one year high of $19.65. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -51.06 and a beta of 1.19. 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 (NASDAQ:GPRE) last issued its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share 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 in the previous year, the company posted ($1.14) earnings per share. The firm’s revenue for the quarter was down 25.9% on a year-over-year basis. Equities research analysts anticipate that Green Plains, Inc. will post 1.83 EPS for the current year.

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.