Fmr LLC Reduces Stake in Green Plains Inc. (NASDAQ:GPRE)

Fmr LLC lowered its position in Green Plains Inc. (NASDAQ:GPRE) by 41.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,366 shares of the specialty chemicals company’s stock after selling 77,430 shares during the period. Fmr LLC’s holdings in Green Plains were worth $1,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in Green Plains in the second quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Green Plains in the second quarter valued at approximately $41,000. Quest Partners LLC acquired a new position in Green Plains in the third quarter valued at approximately $52,000. nVerses Capital LLC acquired a new position in Green Plains in the third quarter valued at approximately $65,000. Finally, Everence Capital Management Inc. acquired a new position in Green Plains in the third quarter valued at approximately $153,000.

Green Plains Stock Down 1.7 %

NASDAQ GPRE opened at $10.71 on Monday. The business has a fifty day moving average price of $11.48 and a 200 day moving average price of $13.72. Green Plains Inc. has a one year low of $10.18 and a one year high of $28.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. The company has a market cap of $692.41 million, a P/E ratio of -28.18 and a beta of 1.44.

Wall Street Analysts Forecast Growth

GPRE has been the subject of a number of analyst reports. Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. Truist Financial decreased their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. UBS Group reduced their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research note on Monday, August 19th. Finally, StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Company 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.