Green Plains Renewable Energy Inc. (GPRE) Shares Down 5.3%
Green Plains Renewable Energy Inc. (NASDAQ:GPRE) fell 5.3% during mid-day trading on Wednesday . The stock traded as low as $20.55 and last traded at $21.65, with a volume of 2,171,390 shares. The stock had previously closed at $22.85.
Several research firms recently issued reports on GPRE. Zacks Investment Research raised shares of Green Plains Renewable Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Jefferies Group reissued 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 assigned a buy rating and one has assigned a strong buy rating to the company. Green Plains Renewable Energy currently has an average rating of “Buy” and a consensus price target of $25.86.
The firm’s market capitalization is $828.75 million. The company’s 50-day moving average is $21.12 and its 200-day moving average is $17.67.
Green Plains Renewable Energy (NASDAQ:GPRE) last posted its earnings results on Monday, August 1st. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.29. During the same period in the prior year, the firm earned $0.19 earnings per share. The business earned $887.70 million during the quarter, compared to the consensus estimate of $803.62 million. The business’s revenue was up 19.2% on a year-over-year basis. On average, equities research analysts anticipate that Green Plains Renewable Energy Inc. will post $0.22 earnings per share for the current fiscal year.
In related news, EVP Michelle Mapes sold 3,000 shares of the company’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $19.50, for a total transaction of $58,500.00. Following the completion of the sale, the executive vice president now directly owns 56,114 shares of the company’s stock, valued at approximately $1,094,223. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Walter S. Cronin sold 3,701 shares of the company’s stock in a transaction on 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 directly owns 47,273 shares of the company’s stock, valued at $894,405.16. The disclosure for this sale can be found here.
Other hedge funds have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in 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 in the last quarter. GSA Capital Partners LLP increased its stake 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 valued at $1,206,000 after buying an additional 2,438 shares in the last quarter. Morgan Stanley increased its stake 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 valued at $30,761,000 after buying an additional 468,317 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Green Plains Renewable Energy during the fourth quarter valued at about $6,173,000.
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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