Brevan Howard Capital Management LP Buys 9,257 Shares of Green Plains Inc. (NASDAQ:GPRE)

Brevan Howard Capital Management LP boosted its stake in Green Plains Inc. (NASDAQ:GPRE) by 55.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,019 shares of the specialty chemicals company’s stock after purchasing an additional 9,257 shares during the period. Brevan Howard Capital Management LP’s holdings in Green Plains were worth $247,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CenterBook Partners LP acquired a new position in shares of Green Plains during the fourth quarter worth $10,940,000. Ameriprise Financial Inc. increased its holdings in Green Plains by 424.8% in the 4th quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company’s stock worth $7,624,000 after purchasing an additional 650,937 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Green Plains by 1,122.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after purchasing an additional 646,507 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock valued at $9,671,000 after purchasing an additional 488,870 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Green Plains during the fourth quarter valued at about $4,249,000.

Green Plains Stock Performance

Shares of GPRE opened at $4.05 on Monday. Green Plains Inc. has a one year low of $3.14 and a one year high of $20.54. The company has a market cap of $274.94 million, a PE ratio of -2.98 and a beta of 1.19. The stock has a 50-day moving average of $4.36 and a 200-day moving average of $7.70. 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 (NASDAQ:GPRE) last announced its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.37). The firm had revenue of $601.52 million during the quarter, compared to analyst estimates of $605.62 million. Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the business posted ($0.81) EPS. On average, equities research analysts predict that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Analyst Ratings Changes

GPRE has been the topic of several analyst reports. UBS Group cut shares of Green Plains from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Jefferies Financial Group lowered 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 report on Tuesday, March 11th. Truist Financial reiterated a “buy” rating and issued a $12.00 target price (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, Bank of America lowered Green Plains from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $4.50 in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.07.

Green Plains Company 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.