Verition Fund Management LLC Has $714,000 Stake in Green Plains Inc. (NASDAQ:GPRE)

Verition Fund Management LLC trimmed its holdings in Green Plains Inc. (NASDAQ:GPREGet Rating) by 11.3% in the first quarter, Holdings Channel reports. The institutional investor owned 23,022 shares of the specialty chemicals company’s stock after selling 2,928 shares during the period. Verition Fund Management LLC’s holdings in Green Plains were worth $714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Green Plains by 0.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 87,375 shares of the specialty chemicals company’s stock worth $2,709,000 after buying an additional 390 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Green Plains by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 7,723 shares of the specialty chemicals company’s stock valued at $239,000 after acquiring an additional 401 shares during the last quarter. Point72 Hong Kong Ltd boosted its position in Green Plains by 39.2% during the first quarter. Point72 Hong Kong Ltd now owns 1,915 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 539 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of Green Plains by 15.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,532 shares of the specialty chemicals company’s stock valued at $157,000 after purchasing an additional 616 shares during the period. Finally, FourThought Financial LLC raised its holdings in shares of Green Plains by 25.0% during the first quarter. FourThought Financial LLC now owns 3,096 shares of the specialty chemicals company’s stock valued at $96,000 after purchasing an additional 619 shares during the period.

Green Plains Trading Down 2.0 %

GPRE opened at $29.76 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.79 and a quick ratio of 1.30. Green Plains Inc. has a fifty-two week low of $26.09 and a fifty-two week high of $44.27. The firm has a market capitalization of $1.73 billion, a PE ratio of -16.63 and a beta of 1.67. The company’s 50-day moving average is $35.40 and its 200 day moving average is $32.45.

Green Plains (NASDAQ:GPREGet Rating) last posted its earnings results on Tuesday, August 2nd. The specialty chemicals company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 2.52% and a negative return on equity of 9.05%. The firm’s revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. As a group, research analysts predict that Green Plains Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered shares of Green Plains from a “buy” rating to a “neutral” rating and upped their price objective for the company from $40.00 to $43.00 in a report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Green Plains presently has an average rating of “Moderate Buy” and a consensus target price of $48.50.

About Green Plains

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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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Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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