Green Plains, Inc. (GPRE) Stake Boosted by Credit Suisse AG
Credit Suisse AG boosted its position in Green Plains, Inc. (NASDAQ:GPRE) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,513 shares of the specialty chemicals company’s stock after buying an additional 2,264 shares during the period. Credit Suisse AG’s holdings in Green Plains were worth $1,868,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of 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 during the period. State Street Corp increased its stake in shares of Green Plains by 31.7% in the first quarter. State Street Corp now owns 1,947,171 shares of the specialty chemicals company’s stock worth $48,195,000 after buying an additional 468,205 shares during the period. Precocity Capital LP purchased a new stake in shares of Green Plains during the first quarter worth about $9,900,000. Canada Pension Plan Investment Board increased its stake in shares of Green Plains by 2,839.1% in the first quarter. Canada Pension Plan Investment Board now owns 390,900 shares of the specialty chemicals company’s stock worth $9,675,000 after buying an additional 377,600 shares during the period. Finally, DnB Asset Management AS increased its stake in shares of 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 during the period.
Green Plains, Inc. (NASDAQ:GPRE) traded down 0.289% during trading on Thursday, reaching $18.995. 133,185 shares of the company’s stock traded hands. The stock has a market cap of $787.99 million, a P/E ratio of 111.082 and a beta of 1.42. The firm’s 50 day moving average price is $19.51 and its 200-day moving average price is $22.37. Green Plains, Inc. has a one year low of $17.70 and a one year high of $29.85.
Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.29. The company had revenue of $886.30 million for the quarter, compared to analysts’ expectations of $986.88 million. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. Green Plains’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. On average, equities analysts anticipate that Green Plains, Inc. will post ($0.21) earnings per share for the current fiscal year.
A number of analysts recently issued reports on GPRE shares. Zacks Investment Research raised shares of Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and set a $32.00 price target on shares of Green Plains in a report on Tuesday, May 2nd. BMO Capital Markets reissued an “outperform” rating and set a $30.00 price target on shares of Green Plains in a report on Wednesday, April 26th. Finally, Piper Jaffray Companies reissued a “neutral” rating on shares of Green Plains in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.29.
In other Green Plains news, Director James F. Crowley sold 2,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $21.92, for a total transaction of $43,840.00. Following the sale, the director now directly owns 23,209 shares in the company, valued at approximately $508,741.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michelle Mapes sold 2,301 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $24.81, for a total transaction of $57,087.81. Following the sale, the executive vice president now owns 53,596 shares in the company, valued at $1,329,716.76. The disclosure for this sale can be found here. Insiders have sold a total of 87,903 shares of company stock worth $1,932,599 over the last 90 days. Insiders own 6.40% of the company’s stock.
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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