Verition Fund Management LLC Cuts Position in Green Plains Inc. (NASDAQ:GPRE)

Verition Fund Management LLC reduced its stake in shares of Green Plains Inc. (NASDAQ:GPREGet Rating) by 11.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,022 shares of the specialty chemicals company’s stock after selling 2,928 shares during the quarter. Verition Fund Management LLC’s holdings in Green Plains were worth $714,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Covestor Ltd increased its holdings in Green Plains by 8,023.1% during the 1st quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 1,043 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Green Plains in the 1st quarter worth approximately $46,000. City State Bank acquired a new position in shares of Green Plains in the 4th quarter worth approximately $56,000. Point72 Hong Kong Ltd grew its position in shares of Green Plains by 39.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,915 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 539 shares in the last quarter. Finally, FourThought Financial LLC grew its position in shares of Green Plains by 25.0% in the 1st quarter. FourThought Financial LLC now owns 3,096 shares of the specialty chemicals company’s stock worth $96,000 after acquiring an additional 619 shares in the last quarter.

Green Plains Stock Performance

Shares of GPRE stock opened at $29.76 on Friday. Green Plains Inc. has a 1-year low of $26.09 and a 1-year high of $44.27. The company has a current ratio of 1.79, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -16.63 and a beta of 1.67. The stock’s fifty day simple moving average is $35.40 and its 200-day simple moving average is $32.45.

Green Plains (NASDAQ:GPREGet Rating) last issued its earnings results on Tuesday, August 2nd. The specialty chemicals company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.62. Green Plains had a negative return on equity of 9.05% and a negative net margin of 2.52%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $929.13 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, sell-side analysts predict that Green Plains Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America lowered Green Plains from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $40.00 to $43.00 in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.50.

Green Plains Company Profile

(Get Rating)

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.

Featured Stories

Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.