Teachers Retirement System of The State of Kentucky lowered its stake in Green Plains Inc (NASDAQ:GPRE) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,400 shares of the specialty chemicals company’s stock after selling 700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Green Plains were worth $345,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in GPRE. BlackRock Fund Advisors raised its position in Green Plains by 7.5% in the third quarter. BlackRock Fund Advisors now owns 2,533,173 shares of the specialty chemicals company’s stock valued at $66,369,000 after buying an additional 176,114 shares during the last quarter. BlackRock Inc. raised its stake in Green Plains by 27.3% in the third quarter. BlackRock Inc. now owns 13,281 shares of the specialty chemicals company’s stock worth $348,000 after buying an additional 2,846 shares in the last quarter. Blue Rock Advisors LLC purchased a new stake in Green Plains during the third quarter worth about $235,000. JPMorgan Chase & Co. raised its stake in Green Plains by 21.8% in the third quarter. JPMorgan Chase & Co. now owns 419,139 shares of the specialty chemicals company’s stock worth $10,981,000 after buying an additional 75,067 shares in the last quarter. Finally, Granite Investment Partners LLC raised its stake in Green Plains by 26.5% in the third quarter. Granite Investment Partners LLC now owns 380,818 shares of the specialty chemicals company’s stock worth $9,977,000 after buying an additional 79,814 shares in the last quarter. 97.67% of the stock is currently owned by institutional investors and hedge funds.
Green Plains Inc (NASDAQ:GPRE) traded down 0.86% during mid-day trading on Thursday, reaching $23.00. The company’s stock had a trading volume of 185,489 shares. Green Plains Inc has a 12 month low of $14.46 and a 12 month high of $29.85. The stock’s 50 day moving average is $23.50 and its 200 day moving average is $25.08. The company has a market cap of $878.16 million, a price-to-earnings ratio of 82.73 and a beta of 1.33.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, February 8th. The specialty chemicals company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. The firm earned $932.10 million during the quarter, compared to the consensus estimate of $1,000 million. Green Plains had a return on equity of 1.12% and a net margin of 0.31%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) earnings per share. Equities research analysts predict that Green Plains Inc will post $1.62 EPS for the current year.
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GPRE has been the subject of a number of recent analyst reports. Roth Capital set a $33.00 price target on shares of Green Plains and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Green Plains in a report on Thursday, February 9th. Credit Suisse Group AG decreased their price objective on shares of Green Plains from $31.00 to $29.00 and set an “outperform” rating for the company in a report on Wednesday, March 29th. Finally, Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Green Plains has a consensus rating of “Buy” and an average target price of $30.20.
In other Green Plains news, Director Brian Peterson sold 78,650 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $25.31, for a total transaction of $1,990,631.50. Following the completion of the transaction, the director now directly owns 100,755 shares of the company’s stock, valued at $2,550,109.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michelle Mapes sold 4,000 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $24.50, for a total value of $98,000.00. Following the transaction, the executive vice president now directly owns 43,526 shares of the company’s stock, valued at $1,066,387. The disclosure for this sale can be found here. Corporate insiders own 7.60% of the company’s stock.
Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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