Mirae Asset Global Investments Co. Ltd. Raises Position in Green Plains Inc. (NASDAQ:GPRE)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Green Plains Inc. (NASDAQ:GPRE) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,565 shares of the specialty chemicals company’s stock after buying an additional 901 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Green Plains were worth $670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GPRE. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Green Plains by 24.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,580 shares of the specialty chemicals company’s stock worth $288,000 after buying an additional 1,865 shares during the period. Zenyatta Capital Management LP lifted its stake in shares of Green Plains by 0.4% in the third quarter. Zenyatta Capital Management LP now owns 472,000 shares of the specialty chemicals company’s stock worth $14,207,000 after acquiring an additional 2,000 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Green Plains by 3.6% in the third quarter. Inspire Investing LLC now owns 11,519 shares of the specialty chemicals company’s stock worth $347,000 after acquiring an additional 402 shares in the last quarter. Kailix Advisors LLC lifted its stake in shares of Green Plains by 17.1% in the third quarter. Kailix Advisors LLC now owns 513,206 shares of the specialty chemicals company’s stock worth $15,448,000 after acquiring an additional 75,100 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. lifted its stake in shares of Green Plains by 2.0% in the third quarter. Mesirow Institutional Investment Management Inc. now owns 269,878 shares of the specialty chemicals company’s stock worth $8,123,000 after acquiring an additional 5,259 shares in the last quarter.

Wall Street Analysts Forecast Growth

GPRE has been the topic of several recent analyst reports. UBS Group cut their price target on Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Truist Financial reiterated a “buy” rating and issued a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. Roth Mkm reiterated a “buy” rating and issued a $55.00 price target on shares of Green Plains in a research note on Monday, March 25th. The Goldman Sachs Group cut their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, January 30th. Finally, TheStreet cut Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.40.

Insider Activity

In related news, Director Ejnar A. Knudsen III bought 4,000 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $24.73 per share, with a total value of $98,920.00. Following the completion of the acquisition, the director now owns 40,913 shares of the company’s stock, valued at $1,011,778.49. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Green Plains Trading Down 2.7 %

Shares of NASDAQ GPRE opened at $21.16 on Friday. The stock’s 50 day moving average price is $21.88 and its two-hundred day moving average price is $23.79. Green Plains Inc. has a 52-week low of $19.44 and a 52-week high of $36.02. The stock has a market capitalization of $1.37 billion, a P/E ratio of -13.06 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). The company had revenue of $712.39 million for the quarter, compared to the consensus estimate of $782.01 million. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The firm’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same period last year, the company posted ($0.66) earnings per share. On average, analysts anticipate that Green Plains Inc. will post 0.47 earnings per share for the current fiscal year.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.