Green Plains Renewable Energy Inc. (NASDAQ:GPRE) shares gapped up before the market opened on Monday . The stock had previously closed at $22.37, but opened at $22.52. Green Plains Renewable Energy shares last traded at $22.88, with a volume of 259,256 shares traded.

GPRE has been the subject of several recent analyst reports. Jefferies Group reissued a “buy” rating on shares of Green Plains Renewable Energy in a report on Tuesday, May 3rd. Zacks Investment Research raised Green Plains Renewable Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $25.86.

The firm’s 50 day moving average price is $20.99 and its 200-day moving average price is $17.63. The company’s market capitalization is $871.96 million.

Green Plains Renewable Energy (NASDAQ:GPRE) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.29. During the same period last year, the business earned $0.19 EPS. The company earned $887.70 million during the quarter, compared to the consensus estimate of $803.62 million. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, equities research analysts forecast that Green Plains Renewable Energy Inc. will post $0.22 EPS for the current year.

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

Other hedge funds have modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Green Plains Renewable Energy by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 70,358 shares of the company’s stock valued at $1,611,000 after buying an additional 1,249 shares during the period. Rhumbline Advisers increased its stake 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 period. GSA Capital Partners LLP increased 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 valued at $1,206,000 after buying an additional 2,438 shares during the period. Marshall Wace LLP acquired a new stake in shares of Green Plains Renewable Energy during the fourth quarter valued at about $6,173,000. Finally, Morgan Stanley increased 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 valued at $30,761,000 after buying an additional 468,317 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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