Cinctive Capital Management LP Makes New Investment in Green Plains, Inc. $GPRE

Cinctive Capital Management LP acquired a new stake in Green Plains, Inc. (NASDAQ:GPRE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 225,055 shares of the specialty chemicals company’s stock, valued at approximately $1,978,000.

Several other large investors have also modified their holdings of the company. Citigroup Inc. increased its holdings in shares of Green Plains by 263.1% in the 3rd quarter. Citigroup Inc. now owns 457,280 shares of the specialty chemicals company’s stock valued at $4,019,000 after acquiring an additional 331,326 shares during the period. Clifford Capital Partners LLC boosted its stake in Green Plains by 201.2% during the 2nd quarter. Clifford Capital Partners LLC now owns 1,386,961 shares of the specialty chemicals company’s stock worth $8,363,000 after purchasing an additional 926,553 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Green Plains during the 2nd quarter worth $197,000. Rafferty Asset Management LLC purchased a new position in Green Plains during the 3rd quarter worth $924,000. Finally, Envestnet Asset Management Inc. grew its position in Green Plains by 112.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 85,720 shares of the specialty chemicals company’s stock worth $517,000 after purchasing an additional 45,397 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GPRE shares. UBS Group upped their target price on shares of Green Plains from $7.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Zacks Research raised Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Oppenheimer boosted their price target on Green Plains from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Stephens raised Green Plains from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $17.00 in a research note on Monday, February 9th. Finally, BMO Capital Markets lifted their target price on Green Plains from $12.00 to $14.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.14.

Green Plains Stock Down 2.8%

GPRE stock opened at $15.37 on Tuesday. The stock has a market capitalization of $1.07 billion, a PE ratio of -8.13, a price-to-earnings-growth ratio of 0.73 and a beta of 1.46. The company has a fifty day moving average of $13.09 and a 200-day moving average of $11.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.79. Green Plains, Inc. has a one year low of $3.14 and a one year high of $16.51.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $428.85 million for the quarter, compared to analyst estimates of $536.56 million. Green Plains had a negative net margin of 5.80% and a negative return on equity of 8.70%. The business’s revenue was down 26.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.86) earnings per share. As a group, analysts expect that Green Plains, Inc. will post -0.5 EPS for the current year.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.