Van ECK Associates Corp Grows Holdings in Green Plains Inc. (NASDAQ:GPRE)

Van ECK Associates Corp raised its position in Green Plains Inc. (NASDAQ:GPRE) by 433.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,344 shares of the specialty chemicals company’s stock after purchasing an additional 2,717 shares during the period. Van ECK Associates Corp’s holdings in Green Plains were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPRE. Quest Partners LLC purchased a new position in shares of Green Plains during the 3rd quarter worth about $52,000. KBC Group NV boosted its stake in shares of Green Plains by 120.7% during the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 3,320 shares during the last quarter. GAMMA Investing LLC lifted its stake in Green Plains by 1,207.7% during the fourth quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company’s stock worth $133,000 after purchasing an additional 12,959 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Green Plains in the third quarter valued at $155,000. Finally, Intech Investment Management LLC acquired a new position in shares of Green Plains during the third quarter valued at $215,000.

Green Plains Trading Up 3.7 %

Shares of NASDAQ GPRE opened at $6.41 on Tuesday. Green Plains Inc. has a one year low of $5.95 and a one year high of $24.04. The firm has a market capitalization of $414.91 million, a PE ratio of -4.71 and a beta of 1.44. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $8.72 and a two-hundred day moving average price of $11.06.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period last year, the business earned $0.13 EPS. As a group, analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GPRE has been the topic of a number of research analyst reports. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Truist Financial reissued a “buy” rating and issued a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. BMO Capital Markets dropped their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, February 10th. Finally, Stephens raised Green Plains to a “hold” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.56.

Green Plains 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.