Green Plains Renewable Energy Inc. (GPRE) Trading Down 2.7%
Green Plains Renewable Energy Inc. (NASDAQ:GPRE)’s share price traded down 2.7% during trading on Wednesday . The company traded as low as $22.14 and last traded at $22.23, with a volume of 393,670 shares. The stock had previously closed at $22.84.
A number of equities analysts have commented on the stock. Jefferies Group reiterated a “buy” rating on shares of Green Plains Renewable Energy in a report on Tuesday, May 3rd. Zacks Investment Research upgraded shares of Green Plains Renewable Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $24.89.
The stock’s market cap is $845.82 million. The company’s 50 day moving average price is $19.71 and its 200 day moving average price is $17.25.
Green Plains Renewable Energy (NASDAQ:GPRE) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.63) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.32. The firm earned $749.20 million during the quarter, compared to the consensus estimate of $751.28 million. Equities research analysts expect that Green Plains Renewable Energy Inc. will post ($0.14) EPS for the current year.
In related news, Director Wayne Hoovestol purchased 6,500 shares of the business’s stock in a transaction dated 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 acquisition, the director now directly owns 125,807 shares in the company, valued at approximately $1,879,556.58. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michelle Mapes sold 3,000 shares of the business’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $19.50, for a total value of $58,500.00. Following the completion of the transaction, the executive vice president now directly owns 56,114 shares of the company’s stock, valued at $1,094,223. The disclosure for this sale can be found here.
Other institutional investors recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in Green Plains Renewable Energy during the fourth quarter worth $6,173,000. Morgan Stanley boosted its position in Green Plains Renewable Energy by 53.5% in the fourth quarter. Morgan Stanley now owns 1,343,311 shares of the company’s stock worth $30,761,000 after buying an additional 468,317 shares during the period. GSA Capital Partners LLP boosted its position in 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 worth $1,206,000 after buying an additional 2,438 shares during the period. Comerica Bank boosted its position in Green Plains Renewable Energy by 6.8% in the fourth quarter. Comerica Bank now owns 136,097 shares of the company’s stock worth $2,522,000 after buying an additional 8,701 shares during the period. Finally, Rhumbline Advisers boosted its position in Green Plains Renewable Energy by 3.6% in the fourth quarter. Rhumbline Advisers now owns 58,915 shares of the company’s stock worth $1,349,000 after buying an additional 2,070 shares during the period.
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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