Deutsche Bank AG Makes New $4.19 Million Investment in Green Plains, Inc. $GPRE

Deutsche Bank AG bought a new stake in Green Plains, Inc. (NASDAQ:GPRE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 272,640 shares of the specialty chemicals company’s stock, valued at approximately $4,193,000.

A number of other hedge funds have also recently added to or reduced their stakes in GPRE. Bank of New York Mellon Corp acquired a new position in Green Plains during the second quarter worth approximately $3,580,000. State of Wyoming purchased a new stake in shares of Green Plains in the second quarter valued at about $163,000. Amundi boosted its stake in shares of Green Plains by 32.8% during the first quarter. Amundi now owns 39,520 shares of the specialty chemicals company’s stock worth $650,000 after buying an additional 9,766 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Green Plains by 4.8% during the first quarter. Quantinno Capital Management LP now owns 52,798 shares of the specialty chemicals company’s stock worth $869,000 after buying an additional 2,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Green Plains in the 1st quarter valued at about $1,166,000.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group reaffirmed a “neutral” rating on shares of Green Plains in a research report on Tuesday. BMO Capital Markets reiterated a “market perform” rating on shares of Green Plains in a research report on Friday, August 7th. Oppenheimer reissued an “outperform” rating and issued a $20.00 price objective on shares of Green Plains in a research note on Friday, May 8th. Stephens raised their target price on shares of Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Green Plains presently has a consensus rating of “Hold” and an average price target of $15.43.

Green Plains Stock Down 2.1%

Shares of NASDAQ GPRE opened at $14.65 on Wednesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 9.21 and a beta of 1.17. Green Plains, Inc. has a 52 week low of $8.65 and a 52 week high of $19.65. The firm has a 50-day moving average price of $16.04 and a 200 day moving average price of $15.73. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.45.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $542.38 million. During the same period last year, the company posted ($1.09) earnings per share. Equities research analysts anticipate that Green Plains, Inc. will post 2.04 EPS for the current fiscal 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.