Counterpoint Mutual Funds LLC Acquires New Position in Green Plains, Inc. $GPRE

Counterpoint Mutual Funds LLC acquired a new stake in Green Plains, Inc. (NASDAQ:GPRE) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 98,726 shares of the specialty chemicals company’s stock, valued at approximately $868,000.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of Green Plains by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 100,159 shares of the specialty chemicals company’s stock valued at $604,000 after acquiring an additional 1,246 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Green Plains by 19.0% during the second quarter. PNC Financial Services Group Inc. now owns 10,122 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 1,619 shares during the last quarter. CWM LLC grew its stake in Green Plains by 15.6% in the third quarter. CWM LLC now owns 15,435 shares of the specialty chemicals company’s stock valued at $136,000 after purchasing an additional 2,083 shares in the last quarter. Creative Planning grew its stake in Green Plains by 6.9% in the second quarter. Creative Planning now owns 42,977 shares of the specialty chemicals company’s stock valued at $259,000 after purchasing an additional 2,759 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Green Plains by 192.2% in the 3rd quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 2,991 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GPRE shares. BMO Capital Markets lifted their price target on Green Plains from $12.00 to $14.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Zacks Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Roth Mkm lowered shares of Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Thursday, November 6th. Oppenheimer raised their price target on shares of Green Plains from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised shares of Green Plains from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Green Plains currently has a consensus rating of “Hold” and a consensus target price of $12.25.

Green Plains Stock Down 1.3%

Green Plains stock opened at $13.84 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.79 and a quick ratio of 1.24. Green Plains, Inc. has a fifty-two week low of $3.14 and a fifty-two week high of $15.64. The firm has a fifty day moving average price of $11.55 and a two-hundred day moving average price of $10.47. The firm has a market cap of $966.59 million, a price-to-earnings ratio of -7.32, a P/E/G ratio of 0.65 and a beta of 1.54.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Thursday, February 5th. The specialty chemicals company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. Green Plains had a negative return on equity of 8.70% and a negative net margin of 5.80%.The business had revenue of $428.85 million for the quarter, compared to analyst estimates of $536.56 million. During the same period in the previous year, the company posted ($0.86) earnings per share. The firm’s revenue for the quarter was down 26.6% on a year-over-year basis. As a group, analysts forecast that Green Plains, Inc. will post -0.5 earnings per share for the current year.

Green Plains Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.