448,200 Shares in Green Plains Inc. (NASDAQ:GPRE) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Green Plains Inc. (NASDAQ:GPRE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 448,200 shares of the specialty chemicals company’s stock, valued at approximately $4,249,000. KLP Kapitalforvaltning AS owned about 0.69% of Green Plains at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Green Plains by 1,122.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after purchasing an additional 646,507 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Green Plains by 21.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock valued at $13,286,000 after buying an additional 250,738 shares during the last quarter. Kailix Advisors LLC raised its stake in Green Plains by 15.3% in the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock valued at $12,484,000 after buying an additional 174,519 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Green Plains in the fourth quarter worth about $1,483,000. Finally, Point72 Asset Management L.P. grew its stake in shares of Green Plains by 29.5% during the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock worth $7,530,000 after acquiring an additional 126,795 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently commented on GPRE. Truist Financial reaffirmed a “buy” rating and issued a $12.00 price objective (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Stephens upgraded Green Plains to a “hold” rating in a research note on Monday, December 2nd. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. BMO Capital Markets reduced their price target on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, February 10th. Finally, Jefferies Financial Group downgraded shares of Green Plains from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.89.

Green Plains Stock Performance

Shares of NASDAQ GPRE opened at $5.09 on Thursday. Green Plains Inc. has a 1 year low of $4.78 and a 1 year high of $24.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. The company’s fifty day moving average price is $6.88 and its 200 day moving average price is $9.79. The company has a market capitalization of $329.47 million, a PE ratio of -3.74 and a beta of 1.55.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period last year, the firm earned $0.13 EPS. On average, research analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current year.

Green Plains Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.