Green Plains Renewable Energy Inc. (NASDAQ:GPRE) shares traded up 4.7% during trading on Thursday . The stock traded as high as $22.79 and last traded at $22.69, with a volume of 983,539 shares traded. The stock had previously closed at $21.67.

GPRE has been the subject of several research analyst reports. Zacks Investment Research upgraded Green Plains Renewable Energy from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Friday, August 5th. Jefferies Group reiterated a “buy” rating on shares of Green Plains Renewable Energy in a research report on Tuesday, May 3rd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $25.86.

The firm’s 50-day moving average is $21.43 and its 200-day moving average is $17.78. The stock’s market capitalization is $867.76 million.

Green Plains Renewable Energy (NASDAQ:GPRE) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.29. The firm had revenue of $887.70 million for the quarter, compared to analysts’ expectations of $803.62 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year.

In other news, EVP Michelle Mapes sold 3,000 shares of the business’s stock in a transaction dated 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 owns 56,114 shares of the company’s stock, valued at approximately $1,094,223. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Walter S. Cronin sold 3,701 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here.

Several institutional investors recently modified their holdings of GPRE. Marshall Wace LLP bought a new position in shares of Green Plains Renewable Energy during the fourth quarter valued at about $6,173,000. Morgan Stanley boosted 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 period. GSA Capital Partners LLP boosted 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 period. Finally, Rhumbline Advisers boosted 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 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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