Green Plains Renewable Energy Inc. (NASDAQ:GPRE) shares shot up 1.4% during mid-day trading on Tuesday . The stock traded as high as $22.81 and last traded at $22.72, with a volume of 368,718 shares. The stock had previously closed at $22.41.

Several brokerages have issued reports on GPRE. Zacks Investment Research raised shares of Green Plains Renewable Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, July 14th. Jefferies Group reaffirmed a “buy” rating on shares of Green Plains Renewable Energy in a report on Tuesday, May 3rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Green Plains Renewable Energy currently has a consensus rating of “Buy” and an average price target of $24.89.

The company’s market capitalization is $877.36 million. The firm’s 50-day moving average is $19.62 and its 200-day moving average is $17.21.

Green Plains Renewable Energy (NASDAQ:GPRE) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.63) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.32. The company had revenue of $749.20 million for the quarter, compared to analysts’ expectations of $751.28 million. Equities analysts anticipate that Green Plains Renewable Energy Inc. will post ($0.14) EPS for the current fiscal year.

In related news, EVP Walter S. Cronin sold 3,701 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $18.92, for a total value of $70,022.92. Following the completion of the transaction, the executive vice president now directly owns 47,273 shares of the company’s stock, valued at approximately $894,405.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne Hoovestol acquired 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average cost of $14.94 per share, with a total value of $97,110.00. Following the completion of the transaction, the director now directly owns 125,807 shares in the company, valued at $1,879,556.58. The disclosure for this purchase can be found here.

Several institutional investors recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in shares of Green Plains Renewable Energy during the fourth quarter valued at approximately $6,173,000. Morgan Stanley raised its position in shares of Green Plains Renewable Energy by 53.5% in the fourth quarter. Morgan Stanley now owns 1,343,311 shares of the company’s stock valued at $30,761,000 after buying an additional 468,317 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Green Plains Renewable Energy by 4.9% in the fourth quarter. GSA Capital Partners LLP now owns 52,672 shares of the company’s stock valued at $1,206,000 after buying an additional 2,438 shares during the last quarter. Comerica Bank raised its position in shares of Green Plains Renewable Energy by 6.8% in the fourth quarter. Comerica Bank now owns 136,097 shares of the company’s stock valued at $2,522,000 after buying an additional 8,701 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Green Plains Renewable Energy by 3.6% in the fourth quarter. Rhumbline Advisers now owns 58,915 shares of the company’s stock valued at $1,349,000 after buying an additional 2,070 shares during the last quarter.

Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.

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