165,263 Shares in Green Plains, Inc. $GPRE Purchased by Man Group plc

Man Group plc acquired a new stake in shares of Green Plains, Inc. (NASDAQ:GPRE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 165,263 shares of the specialty chemicals company’s stock, valued at approximately $2,542,000. Man Group plc owned approximately 0.24% of Green Plains as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GPRE. BlackRock Inc. acquired a new position in Green Plains during the 2nd quarter worth $156,703,000. Thomist Capital Management LP acquired a new stake in shares of Green Plains in the 2nd quarter valued at about $19,542,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Green Plains during the third quarter worth about $8,561,000. BNP Paribas Financial Markets grew its stake in Green Plains by 112.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock worth $17,873,000 after purchasing an additional 966,069 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Green Plains by 155.5% in the first quarter. Assenagon Asset Management S.A. now owns 1,114,743 shares of the specialty chemicals company’s stock valued at $18,338,000 after buying an additional 678,515 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the company. Zacks Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a research report on Friday, July 17th. Stephens raised their price objective on Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Green Plains in a report on Friday, May 8th. Finally, UBS Group reiterated a “neutral” rating on shares of Green Plains in a research note on Tuesday, August 25th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Green Plains has an average rating of “Hold” and an average target price of $15.43.

Green Plains Trading Down 1.4%

Shares of NASDAQ:GPRE opened at $14.45 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $16.02 and its 200 day moving average price is $15.74. The company has a market cap of $1.01 billion, a PE ratio of 9.09 and a beta of 1.17. Green Plains, Inc. has a fifty-two week low of $8.65 and a fifty-two week high of $19.65.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.54 by $0.29. Green Plains had a net margin of 6.78% and a return on equity of 14.52%. The company had revenue of $446.22 million for the quarter, compared to analyst estimates of $542.38 million. During the same quarter last year, the business earned ($1.09) earnings per share. Sell-side analysts anticipate that Green Plains, Inc. will post 2.04 earnings per share for the current year.

Green Plains 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.