Texas Permanent School Fund Acquires 904 Shares of Green Plains Inc. (NASDAQ:GPRE)

Texas Permanent School Fund lifted its position in shares of Green Plains Inc. (NASDAQ:GPREGet Rating) by 2.4% during the second quarter, HoldingsChannel reports. The firm owned 38,901 shares of the specialty chemicals company’s stock after buying an additional 904 shares during the quarter. Texas Permanent School Fund’s holdings in Green Plains were worth $1,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GPRE. State Street Corp boosted its position in shares of Green Plains by 31.9% during the first quarter. State Street Corp now owns 4,181,086 shares of the specialty chemicals company’s stock worth $129,655,000 after purchasing an additional 1,011,642 shares in the last quarter. Wolf Hill Capital Management LP increased its stake in Green Plains by 191.5% in the 1st quarter. Wolf Hill Capital Management LP now owns 1,423,249 shares of the specialty chemicals company’s stock valued at $44,135,000 after buying an additional 935,010 shares during the last quarter. HITE Hedge Asset Management LLC increased its stake in Green Plains by 1,729.1% in the 1st quarter. HITE Hedge Asset Management LLC now owns 522,752 shares of the specialty chemicals company’s stock valued at $16,211,000 after buying an additional 494,173 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Green Plains by 4,372.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 468,762 shares of the specialty chemicals company’s stock worth $12,734,000 after purchasing an additional 458,281 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Green Plains by 131.9% during the 1st quarter. Bank of America Corp DE now owns 508,552 shares of the specialty chemicals company’s stock worth $15,770,000 after buying an additional 289,290 shares during the period.

Wall Street Analyst Weigh In

GPRE has been the subject of a number of recent research reports. BMO Capital Markets downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $45.00 to $31.00 in a report on Monday, October 24th. Bank of America cut their price objective on shares of Green Plains from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 24th. StockNews.com started coverage on shares of Green Plains in a report on Wednesday, October 12th. They issued a “sell” rating for the company. Finally, Truist Financial cut their price target on shares of Green Plains from $55.00 to $48.00 and set a “buy” rating for the company in a report on Friday, October 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Green Plains has a consensus rating of “Hold” and a consensus target price of $41.60.

Green Plains Trading Down 3.2 %

Shares of NASDAQ GPRE opened at $33.82 on Friday. Green Plains Inc. has a 52-week low of $26.09 and a 52-week high of $42.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 2.22. The firm has a 50 day moving average price of $30.55 and a two-hundred day moving average price of $32.41. The stock has a market cap of $2.01 billion, a P/E ratio of -17.99 and a beta of 1.65.

Green Plains 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.

Further Reading

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

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