Metropolitan Life Insurance Co. NY Continues to Hold Position in Green Plains, Inc. (GPRE)
Metropolitan Life Insurance Co. NY maintained its stake in shares of Green Plains, Inc. (NASDAQ:GPRE) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,050 shares of the specialty chemicals company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned approximately 0.07% of Green Plains worth $645,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of GPRE. Suntrust Banks Inc. boosted its stake in shares of Green Plains by 3.0% in the first quarter. Suntrust Banks Inc. now owns 16,053 shares of the specialty chemicals company’s stock worth $397,000 after buying an additional 461 shares in the last quarter. Boston Partners bought a new stake in shares of Green Plains during the first quarter worth approximately $3,979,000. First Trust Advisors LP boosted its stake in shares of Green Plains by 40.2% in the first quarter. First Trust Advisors LP now owns 70,978 shares of the specialty chemicals company’s stock worth $1,757,000 after buying an additional 20,357 shares in the last quarter. LSV Asset Management bought a new stake in shares of Green Plains during the first quarter worth approximately $2,621,000. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Green Plains by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 49,322 shares of the specialty chemicals company’s stock worth $1,218,000 after buying an additional 2,137 shares in the last quarter.
Green Plains, Inc. (NASDAQ:GPRE) traded up 0.79% during trading on Monday, reaching $19.25. The company had a trading volume of 79,053 shares. Green Plains, Inc. has a 12-month low of $17.70 and a 12-month high of $29.85. The stock has a market capitalization of $774.24 million, a P/E ratio of 112.57 and a beta of 1.42. The stock has a 50 day moving average of $19.97 and a 200-day moving average of $22.54.
Green Plains (NASDAQ:GPRE) last announced its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.29. The firm had revenue of $886.30 million during the quarter, compared to analyst estimates of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. Green Plains’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share. On average, analysts forecast that Green Plains, Inc. will post $0.50 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on GPRE. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price target on shares of Green Plains in a research report on Tuesday, May 2nd. Zacks Investment Research cut Green Plains from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. BMO Capital Markets reissued an “outperform” rating and issued a $30.00 price target on shares of Green Plains in a research report on Wednesday, April 26th. Piper Jaffray Companies reissued a “hold” rating and issued a $28.00 price target on shares of Green Plains in a research report on Friday, July 14th. Finally, BidaskClub raised Green Plains from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.29.
In other Green Plains news, COO Jeffrey S. Briggs sold 39,902 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $23.00, for a total value of $917,746.00. Following the completion of the sale, the chief operating officer now directly owns 212,954 shares in the company, valued at $4,897,942. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michelle Mapes sold 2,301 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $24.81, for a total transaction of $57,087.81. Following the completion of the sale, the executive vice president now owns 53,596 shares of the company’s stock, valued at $1,329,716.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,903 shares of company stock valued at $1,932,599. 6.40% of the stock is owned by insiders.
Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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