Marshall Wace LLP Trims Stock Holdings in Green Plains Inc. (NASDAQ:GPRE)

Marshall Wace LLP lessened its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 51.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 529,943 shares of the specialty chemicals company’s stock after selling 554,451 shares during the quarter. Marshall Wace LLP owned 0.82% of Green Plains worth $8,405,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GPRE. Broad Bay Capital Management LP boosted its position in Green Plains by 17.6% in the fourth 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. Vanguard Group Inc. increased its stake in shares of Green Plains by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock worth $106,266,000 after acquiring an additional 53,320 shares during the period. Masters Capital Management LLC raised its holdings in shares of Green Plains by 25.0% during the fourth quarter. Masters Capital Management LLC now owns 500,000 shares of the specialty chemicals company’s stock worth $12,610,000 after purchasing an additional 100,000 shares during the last quarter. Rafferty Asset Management LLC lifted its position in Green Plains by 73.4% during the fourth quarter. Rafferty Asset Management LLC now owns 167,954 shares of the specialty chemicals company’s stock valued at $4,236,000 after purchasing an additional 71,099 shares during the period. Finally, Clifford Capital Partners LLC purchased a new stake in Green Plains in the first quarter valued at $7,688,000.

Green Plains Stock Performance

GPRE opened at $13.55 on Monday. The firm’s fifty day simple moving average is $14.32 and its two-hundred day simple moving average is $17.35. Green Plains Inc. has a 52-week low of $11.63 and a 52-week high of $31.92. The company has a market cap of $875.59 million, a price-to-earnings ratio of -11.02 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.55.

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

Analyst Ratings Changes

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

About Green Plains

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.