Green Plains Renewable Energy Inc. (NASDAQ:GPRE) shares saw an uptick in trading volume on Wednesday . 1,157,391 shares were traded during trading, an increase of 59% from the previous session’s volume of 727,873 shares.The stock last traded at $22.96 and had previously closed at $22.51.

Several research firms have commented 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 on the stock in a research note on Thursday, July 14th. Jefferies Group reaffirmed a “buy” rating on shares of Green Plains Renewable Energy in a research note on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.86.

The stock’s market cap is $882.36 million. The stock’s 50 day moving average price is $20.22 and its 200-day moving average price is $17.35.

Green Plains Renewable Energy (NASDAQ:GPRE) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.32. The company had revenue of $749.20 million for the quarter, compared to analyst estimates of $751.28 million. Equities research analysts forecast that Green Plains Renewable Energy Inc. will post ($0.01) EPS for the current fiscal year.

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

A number of large investors recently modified their holdings of GPRE. Marshall Wace LLP bought a new stake in shares of Green Plains Renewable Energy during the fourth quarter worth approximately $6,173,000. Comerica Bank raised its stake 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 worth $2,522,000 after buying an additional 8,701 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Green Plains Renewable Energy by 7.0% in the fourth quarter. First Trust Advisors LP now owns 164,058 shares of the company’s stock worth $3,757,000 after buying an additional 10,745 shares in the last quarter. Morgan Stanley raised its stake 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 worth $30,761,000 after buying an additional 468,317 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake 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 worth $1,206,000 after buying an additional 2,438 shares in 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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