Counterpoint Mutual Funds LLC Makes New $1.48 Million Investment in Green Plains Inc. (NASDAQ:GPRE)

Counterpoint Mutual Funds LLC acquired a new stake in shares of Green Plains Inc. (NASDAQ:GPRE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 156,409 shares of the specialty chemicals company’s stock, valued at approximately $1,483,000. Counterpoint Mutual Funds LLC owned 0.24% of Green Plains at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings 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 period. Charles Schwab Investment Management Inc. grew its stake in shares of Green Plains by 21.8% during 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 acquiring an additional 250,738 shares during the period. Kailix Advisors LLC increased its holdings in Green Plains by 15.3% in the 4th quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock worth $12,484,000 after acquiring an additional 174,519 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in 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 worth $6,675,000 after acquiring an additional 646,507 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of Green Plains by 29.5% in 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 purchasing an additional 126,795 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GPRE shares. BMO Capital Markets decreased their price objective on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, February 10th. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Jefferies Financial Group cut 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 research report on Tuesday, March 11th. Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, UBS Group lowered shares of Green Plains from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Green Plains presently has a consensus rating of “Hold” and a consensus target price of $18.89.

Green Plains Price Performance

GPRE stock opened at $5.16 on Monday. The company has a fifty day simple moving average of $7.60 and a two-hundred day simple moving average of $10.25. Green Plains Inc. has a 52 week low of $4.78 and a 52 week high of $24.04. 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 firm has a market capitalization of $334.00 million, a P/E ratio of -3.79 and a beta of 1.55.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $0.13 earnings per share. Analysts anticipate that Green Plains Inc. will post -0.5 earnings per share for the current fiscal 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.