Bank of America Corp DE boosted its position in Green Plains, Inc. (NASDAQ:GPRE) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,049 shares of the specialty chemicals company’s stock after buying an additional 1,190 shares during the period. Bank of America Corp DE’s holdings in Green Plains were worth $1,387,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Green Plains by 44,650.2% in the first quarter. BlackRock Inc. now owns 4,439,215 shares of the specialty chemicals company’s stock worth $109,870,000 after buying an additional 4,429,295 shares in the last quarter. Vanguard Group Inc. increased its position in Green Plains by 4.1% in the first quarter. Vanguard Group Inc. now owns 2,649,910 shares of the specialty chemicals company’s stock worth $65,586,000 after buying an additional 105,503 shares in the last quarter. DnB Asset Management AS increased its position in Green Plains by 13.8% in the first quarter. DnB Asset Management AS now owns 1,785,851 shares of the specialty chemicals company’s stock worth $44,200,000 after buying an additional 216,183 shares in the last quarter. Teachers Advisors LLC increased its position in Green Plains by 1.5% in the first quarter. Teachers Advisors LLC now owns 544,247 shares of the specialty chemicals company’s stock worth $13,470,000 after buying an additional 8,009 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Green Plains by 16.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 484,139 shares of the specialty chemicals company’s stock worth $11,983,000 after buying an additional 69,070 shares in the last quarter.

Shares of Green Plains, Inc. (GPRE) traded up 1.12% on Thursday, hitting $18.05. The stock had a trading volume of 135,464 shares. The firm has a 50-day moving average price of $19.42 and a 200-day moving average price of $22.24. The stock has a market capitalization of $748.79 million, a P/E ratio of 105.56 and a beta of 1.42. Green Plains, Inc. has a 52 week low of $17.70 and a 52 week high of $29.85.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.29. The business had revenue of $886.30 million for the quarter, compared to the consensus estimate of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. Equities analysts expect that Green Plains, Inc. will post ($0.21) earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on GPRE shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 price objective (down from $28.00) on shares of Green Plains in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research cut Green Plains from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. Roth Capital set a $27.00 target price on Green Plains and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of Green Plains in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $27.29.

In other Green Plains news, EVP Michelle Mapes sold 4,000 shares of Green Plains stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $23.15, for a total value of $92,600.00. Following the sale, the executive vice president now owns 49,596 shares of the company’s stock, valued at approximately $1,148,147.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James F. Crowley sold 2,000 shares of Green Plains stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $21.92, for a total value of $43,840.00. Following the completion of the sale, the director now directly owns 23,209 shares in the company, valued at approximately $508,741.28. The disclosure for this sale can be found here. Insiders have sold a total of 85,602 shares of company stock worth $1,875,511 in the last three months. 6.40% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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