Geode Capital Management LLC Cuts Position in Green Plains Inc. (NASDAQ:GPRE)

Geode Capital Management LLC trimmed its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,517,313 shares of the specialty chemicals company’s stock after selling 10,010 shares during the period. Geode Capital Management LLC’s holdings in Green Plains were worth $20,549,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GPRE. Barclays PLC increased its position in Green Plains by 71.5% during the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock valued at $1,935,000 after buying an additional 59,564 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Green Plains in the third quarter worth $155,000. State Street Corp increased its holdings in shares of Green Plains by 2.9% during the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after acquiring an additional 111,501 shares in the last quarter. Quarry LP raised its position in shares of Green Plains by 17.2% in the 3rd quarter. Quarry LP now owns 79,934 shares of the specialty chemicals company’s stock worth $1,082,000 after purchasing an additional 11,726 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Green Plains by 29.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock worth $7,530,000 after purchasing an additional 126,795 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Stephens upgraded shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. Truist Financial reduced 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 report on Wednesday, October 16th. Finally, StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Down 2.6 %

GPRE opened at $9.08 on Friday. Green Plains Inc. has a twelve month low of $8.96 and a twelve month high of $25.75. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $10.88 and a 200-day moving average price of $13.22. The stock has a market capitalization of $587.03 million, a price-to-earnings ratio of -23.89 and a beta of 1.44.

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.