11,320 Shares in Green Plains Inc. (NASDAQ:GPRE) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new position in shares of Green Plains Inc. (NASDAQ:GPRE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,320 shares of the specialty chemicals company’s stock, valued at approximately $153,000.

Other hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in Green Plains during the 2nd quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Green Plains during the 2nd quarter valued at about $41,000. nVerses Capital LLC purchased a new stake in Green Plains during the 3rd quarter valued at about $65,000. Crewe Advisors LLC purchased a new stake in Green Plains during the 1st quarter valued at about $150,000. Finally, DRW Securities LLC purchased a new stake in Green Plains during the 2nd quarter valued at about $168,000.

Green Plains Stock Performance

NASDAQ:GPRE opened at $11.67 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. The stock has a market capitalization of $754.10 million, a P/E ratio of -9.49 and a beta of 1.52. The company has a 50 day moving average price of $13.18 and a 200 day moving average price of $16.18. Green Plains Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $31.92.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data 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). The company had revenue of $618.83 million for 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%. The business’s revenue for the quarter was down 27.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.89) EPS. Equities research analysts forecast that Green Plains Inc. will post -0.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GPRE. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. UBS Group dropped their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research note on Monday, August 19th. BMO Capital Markets dropped their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Truist Financial dropped their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Craig Hallum dropped their price target 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

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.