Future Fund LLC Sells 35,044 Shares of Green Plains, Inc. $GPRE

Future Fund LLC trimmed its position in Green Plains, Inc. (NASDAQ:GPRE) by 14.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 205,859 shares of the specialty chemicals company’s stock after selling 35,044 shares during the quarter. Green Plains comprises approximately 1.2% of Future Fund LLC’s portfolio, making the stock its 27th largest holding. Future Fund LLC’s holdings in Green Plains were worth $3,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new stake in Green Plains during the 3rd quarter valued at $3,351,000. Assenagon Asset Management S.A. lifted its stake in shares of Green Plains by 825.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 436,228 shares of the specialty chemicals company’s stock valued at $4,275,000 after buying an additional 389,102 shares in the last quarter. Kailix Advisors LLC lifted its stake in shares of Green Plains by 18.5% in the fourth quarter. Kailix Advisors LLC now owns 1,369,211 shares of the specialty chemicals company’s stock valued at $13,418,000 after buying an additional 213,888 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Green Plains by 112.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock valued at $17,873,000 after buying an additional 966,069 shares during the last quarter. Finally, One Capital Management LLC acquired a new position in shares of Green Plains during the fourth quarter valued at about $2,361,000.

Green Plains Price Performance

GPRE opened at $19.23 on Friday. Green Plains, Inc. has a 1 year low of $7.07 and a 1 year high of $19.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.71 and a quick ratio of 1.27. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -58.27 and a beta of 1.19. The firm’s fifty day moving average price is $15.79 and its two-hundred day moving average price is $14.73.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.43. The company had revenue of $445.80 million during the quarter, compared to the consensus estimate of $532.53 million. Green Plains had a negative net margin of 0.80% and a positive return on equity of 2.86%. The firm’s revenue for the quarter was down 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.14) earnings per share. As a group, analysts anticipate that Green Plains, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GPRE shares. Stephens boosted their target price on shares of Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. UBS Group raised their price target on shares of Green Plains from $12.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday. Zacks Research downgraded Green Plains from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a report on Tuesday, April 21st. Finally, Wall Street Zen downgraded Green Plains from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.43.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.