Kailix Advisors LLC Grows Stake in Green Plains, Inc. $GPRE

Kailix Advisors LLC grew its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE) by 18.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,369,211 shares of the specialty chemicals company’s stock after buying an additional 213,888 shares during the period. Green Plains accounts for 15.0% of Kailix Advisors LLC’s portfolio, making the stock its 2nd largest position. Kailix Advisors LLC’s holdings in Green Plains were worth $13,418,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Green Plains during the third quarter valued at approximately $67,000. WINTON GROUP Ltd bought a new position in shares of Green Plains during the second quarter valued at approximately $61,000. Aquatic Capital Management LLC bought a new position in shares of Green Plains during the third quarter valued at approximately $95,000. Brevan Howard Capital Management LP bought a new position in shares of Green Plains during the third quarter valued at approximately $111,000. Finally, Magnetar Financial LLC bought a new position in shares of Green Plains during the third quarter valued at approximately $122,000.

Analyst Ratings Changes

GPRE has been the topic of a number of analyst reports. Zacks Research raised Green Plains from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. UBS Group increased their price objective on Green Plains from $7.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Oppenheimer reissued an “outperform” rating and issued a $20.00 price objective on shares of Green Plains in a research note on Friday. BMO Capital Markets increased their price objective on Green Plains from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 25th. Finally, Wall Street Zen raised Green Plains from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.29.

Green Plains Price Performance

Shares of NASDAQ:GPRE opened at $18.19 on Monday. Green Plains, Inc. has a 52-week low of $3.93 and a 52-week high of $18.94. The stock has a market cap of $1.27 billion, a P/E ratio of -55.12 and a beta of 1.24. The business’s 50 day moving average is $15.89 and its 200 day moving average is $12.68. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.49.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.43. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.The company had revenue of $445.80 million for the quarter, compared to analysts’ expectations of $532.53 million. During the same quarter in the prior year, the firm earned ($1.14) earnings per share. Green Plains’s revenue was down 25.9% compared to the same quarter last year. Sell-side analysts predict that Green Plains, Inc. will post 0.78 EPS for the current year.

Green Plains Company 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.