Wolf Hill Capital Management LP Acquires 240,849 Shares of Green Plains Inc. (NASDAQ:GPRE)

Wolf Hill Capital Management LP boosted its holdings in Green Plains Inc. (NASDAQ:GPRE) by 13.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,994,539 shares of the specialty chemicals company’s stock after purchasing an additional 240,849 shares during the quarter. Green Plains makes up approximately 3.2% of Wolf Hill Capital Management LP’s holdings, making the stock its 11th biggest position. Wolf Hill Capital Management LP owned 3.09% of Green Plains worth $31,633,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GPRE. Quest Partners LLC purchased a new position in shares of Green Plains during the fourth quarter valued at about $26,000. Crewe Advisors LLC purchased a new position in Green Plains during the 1st quarter valued at approximately $150,000. Equitable Trust Co. bought a new stake in Green Plains in the 2nd quarter worth approximately $191,000. Cape Investment Advisory Inc. purchased a new stake in shares of Green Plains during the 4th quarter worth approximately $196,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Green Plains by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,917 shares of the specialty chemicals company’s stock valued at $221,000 after acquiring an additional 1,456 shares during the last quarter.

Green Plains Stock Performance

Shares of Green Plains stock opened at $13.29 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average is $14.66 and its two-hundred day moving average is $17.63. Green Plains Inc. has a 52 week low of $11.63 and a 52 week high of $31.92. The company has a market capitalization of $858.79 million, a PE ratio of -10.80 and a beta of 1.53.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The company had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same quarter in the previous year, the company posted ($0.89) earnings per share. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. As a group, analysts expect that Green Plains Inc. will post -0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. BMO Capital Markets dropped their price target on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Truist Financial reissued a “buy” rating and set a $25.00 price objective (down from $30.00) on shares of Green Plains in a research note on Monday, August 5th. Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. Finally, Craig Hallum cut their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Green Plains presently has an average rating of “Moderate Buy” and an average price target of $26.28.

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.