Green Plains Inc. (NASDAQ:GPRE) Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Green Plains Inc. (NASDAQ:GPRE) by 4.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 304,696 shares of the specialty chemicals company’s stock after selling 13,968 shares during the quarter. Principal Financial Group Inc.’s holdings in Green Plains were worth $4,126,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Green Plains by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after acquiring an additional 159,147 shares during the period. Barclays PLC lifted its position in Green Plains by 71.5% in the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after purchasing an additional 59,564 shares during the period. Paloma Partners Management Co bought a new position in Green Plains during the 3rd quarter valued at $840,000. Thomist Capital Management LP acquired a new position in shares of Green Plains during the 2nd quarter valued at $1,011,000. Finally, Point72 Asset Management L.P. raised its stake in shares of 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 buying an additional 126,795 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Truist Financial lowered their price objective on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Stephens upgraded shares of Green Plains to a “hold” rating in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Trading Up 4.5 %

NASDAQ GPRE opened at $9.91 on Friday. The stock has a market cap of $640.69 million, a price-to-earnings ratio of -26.08 and a beta of 1.44. The firm’s 50 day moving average price is $10.74 and its two-hundred day moving average price is $13.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. Green Plains Inc. has a twelve month low of $8.81 and a twelve month high of $25.24.

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.