PDT Partners LLC Acquires Shares of 45,328 Green Plains, Inc. $GPRE

PDT Partners LLC acquired a new position in Green Plains, Inc. (NASDAQ:GPRE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,328 shares of the specialty chemicals company’s stock, valued at approximately $697,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Green Plains in the second quarter worth about $156,703,000. Vanguard Group Inc. increased its holdings in shares of Green Plains by 15.9% in the 4th quarter. Vanguard Group Inc. now owns 4,696,401 shares of the specialty chemicals company’s stock worth $46,025,000 after purchasing an additional 645,170 shares in the last quarter. State Street Corp raised its position in Green Plains by 3.4% in the 4th quarter. State Street Corp now owns 2,629,815 shares of the specialty chemicals company’s stock worth $25,772,000 after buying an additional 85,982 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Green Plains by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,187,541 shares of the specialty chemicals company’s stock valued at $21,438,000 after purchasing an additional 10,237 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Green Plains by 112.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock valued at $17,873,000 after buying an additional 966,069 shares during the last quarter.

Green Plains Price Performance

NASDAQ:GPRE opened at $14.04 on Friday. The firm has a market capitalization of $984.22 million, a price-to-earnings ratio of 8.83 and a beta of 1.17. Green Plains, Inc. has a 1 year low of $8.65 and a 1 year high of $19.65. The business has a 50 day simple moving average of $16.03 and a 200-day simple moving average of $15.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.58.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.29. The business had revenue of $446.22 million for the quarter, compared to the consensus estimate of $542.38 million. Green Plains had a net margin of 6.78% and a return on equity of 14.52%. During the same quarter in the prior year, the firm posted ($1.09) earnings per share. Equities analysts forecast that Green Plains, Inc. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

GPRE has been the topic of a number of research reports. Stephens lifted their price target on shares of Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wall Street Zen upgraded Green Plains from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. UBS Group reaffirmed a “neutral” rating on shares of Green Plains in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a research report on Friday, July 17th. Finally, Oppenheimer reissued an “outperform” rating and set a $20.00 price target on shares of Green Plains in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.43.

About Green Plains

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.