American Century Companies Inc. Boosts Position in Green Plains Inc. (NASDAQ:GPRE)

American Century Companies Inc. grew its position in Green Plains Inc. (NASDAQ:GPRE) by 287.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 332,586 shares of the specialty chemicals company’s stock after purchasing an additional 246,773 shares during the period. American Century Companies Inc.’s holdings in Green Plains were worth $5,275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GPRE. Vanguard Group Inc. grew its position in shares of Green Plains by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after purchasing an additional 447,825 shares during the last quarter. Broad Bay Capital Management LP grew its holdings in Green Plains by 17.6% during the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after buying an additional 352,000 shares during the last quarter. William Blair Investment Management LLC increased its position in Green Plains by 0.5% during the first quarter. William Blair Investment Management LLC now owns 1,805,061 shares of the specialty chemicals company’s stock worth $41,733,000 after buying an additional 8,183 shares in the last quarter. Wolf Hill Capital Management LP raised its holdings in shares of Green Plains by 3,036.9% in the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after acquiring an additional 1,697,784 shares during the last quarter. Finally, Kailix Advisors LLC lifted its position in shares of Green Plains by 39.8% in the second quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after acquiring an additional 382,517 shares in the last quarter.

Green Plains Stock Up 4.3 %

Shares of Green Plains stock opened at $13.48 on Wednesday. Green Plains Inc. has a twelve month low of $11.63 and a twelve month high of $31.92. The stock has a market cap of $871.06 million, a price-to-earnings ratio of -10.96 and a beta of 1.53. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average price of $14.53 and a 200 day moving average price of $17.48.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The company had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. Green Plains’s quarterly revenue was down 27.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.89) EPS. Equities research analysts forecast that Green Plains Inc. will post -0.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

GPRE has been the subject of a number of recent research reports. UBS Group dropped their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. Oppenheimer lowered shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Truist Financial restated a “buy” rating and set a $25.00 target price (down previously from $30.00) on shares of Green Plains in a research report on Monday, August 5th. BMO Capital Markets cut their price target on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Finally, Craig Hallum decreased their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Plains has an average rating of “Moderate Buy” and an average price target of $26.28.

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.