Green Plains (NASDAQ:GPRE) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a research report sent to investors on Friday morning, BidAskClub reports.

Several other brokerages have also issued reports on GPRE. Zacks Investment Research lowered shares of Green Plains from a hold rating to a sell rating in a report on Saturday, January 4th. Jefferies Financial Group lifted their price target on shares of Green Plains from $15.00 to $20.00 and gave the company a buy rating in a report on Thursday, December 26th. ValuEngine lowered shares of Green Plains from a strong-buy rating to a buy rating in a report on Wednesday, December 4th. Finally, Stephens began coverage on shares of Green Plains in a report on Monday, October 7th. They set an equal weight rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $16.75.

Shares of NASDAQ:GPRE opened at $12.96 on Friday. The firm has a 50 day moving average of $14.72 and a 200-day moving average of $11.86. The stock has a market capitalization of $466.95 million, a PE ratio of -6.11 and a beta of 1.30. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.32. Green Plains has a 12 month low of $7.01 and a 12 month high of $17.74.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported ($1.06) EPS for the quarter, beating the consensus estimate of ($1.15) by $0.09. The company had revenue of $632.35 million during the quarter, compared to analysts’ expectations of $900.00 million. Green Plains had a negative net margin of 2.46% and a negative return on equity of 18.33%. During the same period in the previous year, the company earned ($0.31) EPS. On average, research analysts predict that Green Plains will post -3.94 EPS for the current fiscal year.

In other news, insider Michelle Mapes sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $16.34, for a total value of $32,680.00. Following the transaction, the insider now owns 34,877 shares in the company, valued at approximately $569,890.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Mangrove Partners Master Fund, sold 128,762 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.13, for a total transaction of $1,948,169.06. Following the completion of the transaction, the insider now owns 4,121,162 shares in the company, valued at approximately $62,353,181.06. The disclosure for this sale can be found here. Insiders have sold a total of 373,865 shares of company stock worth $5,666,458 over the last three months. Insiders own 5.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its position in shares of Green Plains by 16.4% in the 3rd quarter. Millennium Management LLC now owns 243,509 shares of the specialty chemicals company’s stock worth $2,579,000 after purchasing an additional 34,363 shares during the period. Squarepoint Ops LLC raised its holdings in Green Plains by 237.0% during the third quarter. Squarepoint Ops LLC now owns 38,290 shares of the specialty chemicals company’s stock worth $406,000 after buying an additional 26,928 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Green Plains by 21.7% during the third quarter. Public Employees Retirement System of Ohio now owns 11,424 shares of the specialty chemicals company’s stock worth $121,000 after buying an additional 2,038 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Green Plains during the third quarter worth $93,000. Finally, First Trust Advisors LP acquired a new position in Green Plains during the third quarter worth $863,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Green Plains Company Profile

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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