Wolf Hill Capital Management LP Has $11.36 Million Stock Position in Green Plains, Inc. $GPRE

Wolf Hill Capital Management LP boosted its position in shares of Green Plains, Inc. (NASDAQ:GPRE) by 19.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,291,815 shares of the specialty chemicals company’s stock after purchasing an additional 211,303 shares during the quarter. Green Plains comprises 1.0% of Wolf Hill Capital Management LP’s holdings, making the stock its 24th biggest position. Wolf Hill Capital Management LP’s holdings in Green Plains were worth $11,355,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Clifford Capital Partners LLC grew its position in shares of 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 buying an additional 926,553 shares during the period. CenterBook Partners LP raised its stake in shares of Green Plains by 76.3% during the second quarter. CenterBook Partners LP now owns 1,165,273 shares of the specialty chemicals company’s stock worth $7,027,000 after buying an additional 504,433 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Green Plains by 79.5% in the third quarter. BNP Paribas Financial Markets now owns 857,671 shares of the specialty chemicals company’s stock valued at $7,539,000 after buying an additional 379,991 shares during the period. Canada Pension Plan Investment Board bought a new position in Green Plains in the second quarter valued at approximately $2,276,000. Finally, Kailix Advisors LLC boosted its stake in Green Plains by 41.4% in the third quarter. Kailix Advisors LLC now owns 1,155,323 shares of the specialty chemicals company’s stock valued at $10,155,000 after acquiring an additional 338,000 shares during the last quarter.

Green Plains Trading Down 2.7%

NASDAQ:GPRE traded down $0.44 during trading hours on Friday, hitting $15.75. The stock had a trading volume of 263,551 shares, compared to its average volume of 1,535,031. The business’s 50 day moving average is $12.87 and its 200-day moving average is $11.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.79. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -8.32, a P/E/G ratio of 0.72 and a beta of 1.46. Green Plains, Inc. has a one year low of $3.14 and a one year high of $16.51.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Green Plains from $12.00 to $14.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Wall Street Zen upgraded Green Plains from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Stephens raised Green Plains from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $10.00 to $17.00 in a research note on Monday, February 9th. Zacks Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.14.

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.