Green Plains Inc. (NASDAQ:GPRE) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 30.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,461 shares of the specialty chemicals company’s stock after purchasing an additional 2,881 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Green Plains were worth $314,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GPRE. Algert Global LLC acquired a new stake in Green Plains during the 3rd quarter worth approximately $848,000. Seven Eight Capital LP acquired a new stake in shares of Green Plains in the third quarter valued at $246,000. Tudor Investment Corp Et Al purchased a new position in Green Plains in the third quarter valued at $4,475,000. Charles Schwab Investment Management Inc. grew its stake in Green Plains by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock worth $22,922,000 after purchasing an additional 23,923 shares in the last quarter. Finally, Kailix Advisors LLC increased its holdings in Green Plains by 17.1% during the 3rd quarter. Kailix Advisors LLC now owns 513,206 shares of the specialty chemicals company’s stock worth $15,448,000 after purchasing an additional 75,100 shares during the period.

Insider Activity at Green Plains

In other Green Plains news, Director Ejnar A. Knudsen III acquired 4,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $24.73 per share, for a total transaction of $98,920.00. Following the completion of the purchase, the director now owns 40,913 shares in the company, valued at approximately $1,011,778.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GPRE shares. Roth Mkm reissued a “buy” rating and set a $55.00 price objective on shares of Green Plains in a research report on Monday, March 25th. Truist Financial restated a “buy” rating and issued a $35.00 price objective on shares of Green Plains in a report on Tuesday, March 26th. The Goldman Sachs Group lowered their target price on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. Finally, UBS Group lowered their price objective on Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Green Plains has an average rating of “Moderate Buy” and a consensus target price of $37.40.

Green Plains Stock Down 2.7 %

Shares of NASDAQ GPRE opened at $20.17 on Monday. The business has a 50-day moving average price of $21.65 and a 200 day moving average price of $23.42. The stock has a market cap of $1.30 billion, a PE ratio of -16.40 and a beta of 1.62. 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 Inc. has a 52-week low of $19.44 and a 52-week high of $36.02.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). The firm had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $654.40 million. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. Green Plains’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.20) EPS. Equities research analysts forecast that Green Plains Inc. will post 0.28 earnings per share for the current 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.