Cannell & Co. Has $2.10 Million Position in Green Plains Inc. (NASDAQ:GPRE)

Cannell & Co. reduced its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 90.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,350 shares of the specialty chemicals company’s stock after selling 797,380 shares during the quarter. Cannell & Co.’s holdings in Green Plains were worth $2,102,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Green Plains by 11.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,479,901 shares of the specialty chemicals company’s stock worth $164,945,000 after buying an additional 584,257 shares during the period. William Blair Investment Management LLC grew its position in shares of Green Plains by 7.6% in the 3rd quarter. William Blair Investment Management LLC now owns 1,740,748 shares of the specialty chemicals company’s stock valued at $52,397,000 after purchasing an additional 123,244 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Green Plains by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock valued at $22,922,000 after purchasing an additional 23,923 shares during the period. Invesco Ltd. grew its position in shares of Green Plains by 10.7% in the 3rd quarter. Invesco Ltd. now owns 694,727 shares of the specialty chemicals company’s stock valued at $20,911,000 after purchasing an additional 66,966 shares during the period. Finally, Kailix Advisors LLC grew its position in shares of Green Plains by 25.6% in the 4th quarter. Kailix Advisors LLC now owns 644,610 shares of the specialty chemicals company’s stock valued at $16,257,000 after purchasing an additional 131,404 shares during the period.

Insider Transactions at Green Plains

In related news, Director Ejnar A. Knudsen III acquired 4,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the purchase, the director now directly owns 40,913 shares in the company, valued at approximately $1,011,778.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GPRE shares. TheStreet lowered Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group decreased their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, January 30th. UBS Group decreased their price objective on Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Roth Mkm reiterated a “buy” rating and issued a $55.00 price objective on shares of Green Plains in a research report on Monday, March 25th. Finally, Truist Financial reiterated a “buy” rating and issued a $35.00 price objective on shares of Green Plains in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.40.

Green Plains Trading Down 2.7 %

NASDAQ:GPRE opened at $20.12 on Thursday. Green Plains Inc. has a twelve month low of $19.44 and a twelve month high of $36.02. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $21.73 and a two-hundred day moving average price of $23.58.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The firm had revenue of $712.39 million for the quarter, compared to analyst estimates of $782.01 million. During the same period last year, the company earned ($0.66) EPS. The company’s revenue was down 22.1% compared to the same quarter last year. Equities analysts predict that Green Plains Inc. will post 0.28 earnings per share for the current year.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.