Shell Asset Management Co. Decreases Holdings in Green Plains Inc. (NASDAQ:GPRE)

Shell Asset Management Co. decreased its position in shares of Green Plains Inc. (NASDAQ:GPRE – Get Rating) by 12.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,257 shares of the specialty chemicals company’s stock after selling 2,106 shares during the period. Shell Asset Management Co.’s holdings in Green Plains were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in Green Plains by 129.2% during the 4th quarter. Russell Investments Group Ltd. now owns 22,643 shares of the specialty chemicals company’s stock valued at $787,000 after purchasing an additional 12,765 shares in the last quarter. Brown Advisory Inc. acquired a new position in Green Plains during the 4th quarter valued at approximately $348,000. Allspring Global Investments Holdings LLC acquired a new position in Green Plains during the 4th quarter valued at approximately $363,000. Commonwealth Equity Services LLC acquired a new stake in shares of Green Plains in the fourth quarter worth $204,000. Finally, Yousif Capital Management LLC acquired a new stake in shares of Green Plains in the fourth quarter worth $1,678,000.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Thursday, April 14th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Green Plains Stock Down 0.8 %

GPRE stock opened at $37.18 on Thursday. The firm has a market cap of $2.00 billion, a PE ratio of -16.03 and a beta of 1.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 2.00. The firm’s fifty day moving average is $31.79 and its 200 day moving average is $30.99. Green Plains Inc. has a one year low of $26.09 and a one year high of $44.27.

Green Plains (NASDAQ:GPRE – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The specialty chemicals company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.11 by $0.62. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $929.13 million. Green Plains had a negative net margin of 3.96% and a negative return on equity of 10.32%. The firm’s revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. On average, research analysts forecast that Green Plains Inc. will post -0.53 EPS for the current year.

Green Plains Company Profile

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Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.

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