Cannell & Spears LLC Has $398,000 Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Cannell & Spears LLC cut its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,000 shares of the specialty chemicals company’s stock after selling 2,400 shares during the period. Cannell & Spears LLC owned about 0.06% of Green Plains worth $398,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in Green Plains in the 3rd quarter worth about $215,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Green Plains by 16.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after purchasing an additional 159,147 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Green Plains by 44.3% in the third quarter. BNP Paribas Financial Markets now owns 55,267 shares of the specialty chemicals company’s stock valued at $748,000 after buying an additional 16,980 shares during the period. Paloma Partners Management Co bought a new position in Green Plains in the 3rd quarter valued at approximately $840,000. Finally, Centiva Capital LP raised its holdings in Green Plains by 25.5% in the 3rd quarter. Centiva Capital LP now owns 32,965 shares of the specialty chemicals company’s stock valued at $446,000 after buying an additional 6,703 shares during the last quarter.

Analyst Upgrades and Downgrades

GPRE has been the subject of several recent research reports. StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Truist Financial restated a “buy” rating and issued a $12.00 price objective (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Jefferies Financial Group downgraded Green Plains from a “buy” rating to a “hold” rating and cut their target price for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. BMO Capital Markets decreased their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, February 10th. Finally, UBS Group lowered Green Plains from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.89.

Green Plains Price Performance

Green Plains stock opened at $4.85 on Wednesday. The stock’s 50 day moving average price is $6.47 and its two-hundred day moving average price is $9.56. The stock has a market capitalization of $313.94 million, a price-to-earnings ratio of -3.57 and a beta of 1.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. Green Plains Inc. has a 52-week low of $4.62 and a 52-week high of $24.04.

Green Plains (NASDAQ:GPRE) last posted its quarterly 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 return on equity of 11.88% and a negative net margin of 3.36%. During the same quarter last year, the firm earned $0.13 earnings per share. On average, equities analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current year.

About Green Plains

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.