Hsbc Holdings PLC Makes New $561,000 Investment in Green Plains, Inc. $GPRE

Hsbc Holdings PLC bought a new stake in Green Plains, Inc. (NASDAQ:GPRE) in the 2nd quarter, Holdings Channel.com reports. The fund bought 36,527 shares of the specialty chemicals company’s stock, valued at approximately $561,000.

Other large investors have also modified their holdings of the company. PDT Partners LLC purchased a new stake in Green Plains during the 2nd quarter worth about $697,000. Canada Pension Plan Investment Board acquired a new stake in shares of Green Plains in the second quarter valued at approximately $798,000. Legal & General Group Plc acquired a new stake in shares of Green Plains in the second quarter valued at approximately $833,000. The Manufacturers Life Insurance Company purchased a new position in Green Plains during the 2nd quarter worth $280,000. Finally, Thomist Capital Management LP purchased a new position in shares of Green Plains during the second quarter worth about $19,542,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GPRE shares. UBS Group reiterated a “neutral” rating on shares of Green Plains in a research note on Tuesday, August 25th. Wall Street Zen upgraded shares of Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. BMO Capital Markets reiterated a “market perform” rating on shares of Green Plains in a research note on Friday, August 7th. Stephens upped their target price on shares of Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Green Plains in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Green Plains has a consensus rating of “Hold” and an average target price of $15.43.

Green Plains Trading Up 3.2%

Shares of GPRE opened at $15.22 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.58. Green Plains, Inc. has a 1-year low of $8.65 and a 1-year high of $19.65. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 9.57 and a beta of 1.16. The firm has a 50 day simple moving average of $16.04 and a 200-day simple moving average of $15.75.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.29. The firm had revenue of $446.22 million for the quarter, compared to analyst estimates of $542.38 million. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.During the same quarter in the prior year, the company earned ($1.09) EPS. Equities analysts forecast that Green Plains, Inc. will post 2.04 EPS for the current fiscal 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.