Quantbot Technologies LP Makes New Investment in Green Plains, Inc. $GPRE

Quantbot Technologies LP purchased a new stake in Green Plains, Inc. (NASDAQ:GPRE) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 96,912 shares of the specialty chemicals company’s stock, valued at approximately $1,491,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GPRE. BlackRock Inc. bought a new position in shares of Green Plains during the second quarter worth about $156,703,000. Jacobs Levy Equity Management Inc. bought a new stake in Green Plains in the third quarter valued at approximately $8,561,000. BNP Paribas Financial Markets increased its position in Green Plains by 112.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock valued at $17,873,000 after purchasing an additional 966,069 shares during the period. Assenagon Asset Management S.A. increased its position in Green Plains by 155.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,114,743 shares of the specialty chemicals company’s stock valued at $18,338,000 after purchasing an additional 678,515 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Green Plains by 15.9% during the 4th quarter. Vanguard Group Inc. now owns 4,696,401 shares of the specialty chemicals company’s stock worth $46,025,000 after purchasing an additional 645,170 shares during the last quarter.

Green Plains Trading Down 7.9%

NASDAQ GPRE opened at $14.97 on Tuesday. The business has a 50 day simple moving average of $16.04 and a 200 day simple moving average of $15.71. Green Plains, Inc. has a one year low of $8.65 and a one year high of $19.65. The stock has a market capitalization of $1.05 billion, a P/E ratio of 9.42 and a beta of 1.17. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.58.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.29. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.The business had revenue of $446.22 million during the quarter, compared to the consensus estimate of $542.38 million. During the same period in the previous year, the company posted ($1.09) earnings per share. Research analysts expect that Green Plains, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GPRE. Stephens boosted their price target on shares of Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Zacks Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a research note on Friday, July 17th. Oppenheimer reissued an “outperform” rating and set a $20.00 target price on shares of Green Plains in a research note on Friday, May 8th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Green Plains in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Green Plains has a consensus rating of “Hold” and a consensus target price of $15.43.

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.