Grantham Mayo Van Otterloo & Co. LLC Has $49.76 Million Position in Green Plains Inc. (NASDAQ:GPRE)

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,249,273 shares of the specialty chemicals company’s stock after selling 401,021 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 8.12% of Green Plains worth $49,763,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GPRE. State Street Corp boosted its position in Green Plains by 2.9% during the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after purchasing an additional 111,501 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Green Plains by 21.8% in the 4th 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 grew its stake in shares of 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 in the last quarter. Assenagon Asset Management S.A. increased its holdings in Green Plains by 1,122.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after buying an additional 646,507 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Green Plains by 12.8% during the fourth quarter. American Century Companies Inc. now owns 626,159 shares of the specialty chemicals company’s stock worth $5,936,000 after acquiring an additional 71,065 shares in the last quarter.

Green Plains Price Performance

Shares of Green Plains stock opened at $4.09 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $264.74 million, a price-to-earnings ratio of -3.01 and a beta of 1.55. Green Plains Inc. has a twelve month low of $3.75 and a twelve month high of $23.76. The company has a 50-day simple moving average of $6.18 and a two-hundred day simple moving average of $9.43.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the firm earned $0.13 earnings per share. Analysts forecast that Green Plains Inc. will post -0.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GPRE. Jefferies Financial Group downgraded shares of Green Plains from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Truist Financial restated a “buy” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. BMO Capital Markets reduced their target price 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 cut Green Plains from a “buy” rating to a “neutral” rating and dropped their price target for the company 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 company’s stock. Based on data from MarketBeat.com, Green Plains presently has an average rating of “Hold” and an average price target of $18.89.

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.