Green Plains Inc. (NASDAQ:GPRE) Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Green Plains Inc. (NASDAQ:GPRE) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 468,431 shares of the specialty chemicals company’s stock after selling 14,778 shares during the quarter. Bank of New York Mellon Corp’s holdings in Green Plains were worth $4,441,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in Green Plains by 4.1% during the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock valued at $355,000 after purchasing an additional 1,488 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Green Plains by 433.3% in the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 2,717 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Green Plains by 4.7% during the 4th quarter. New York State Teachers Retirement System now owns 65,154 shares of the specialty chemicals company’s stock valued at $618,000 after acquiring an additional 2,900 shares during the last quarter. KBC Group NV boosted its stake in shares of Green Plains by 120.7% during the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 3,320 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Green Plains in the 3rd quarter worth $52,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on GPRE shares. BMO Capital Markets reduced their target price on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. Stephens upgraded shares of Green Plains to a “hold” rating in a report on Monday, December 2nd. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Truist Financial reaffirmed a “buy” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, Jefferies Financial Group downgraded shares of Green Plains from a “buy” rating to a “hold” rating and cut their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Green Plains has a consensus rating of “Hold” and a consensus target price of $18.89.

Green Plains Stock Down 7.0 %

GPRE opened at $5.21 on Wednesday. The company has a market capitalization of $337.24 million, a PE ratio of -3.83 and a beta of 1.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. Green Plains Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $24.04. The business has a 50-day moving average of $7.42 and a 200-day moving average of $10.12.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same period last year, the company posted $0.13 earnings per share. Equities research analysts forecast that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Green Plains Profile

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.