Skandinaviska Enskilda Banken AB publ Boosts Position in Green Plains Inc. (NASDAQ:GPRE)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 278.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 140,500 shares of the specialty chemicals company’s stock after purchasing an additional 103,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Green Plains were worth $2,228,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new position in shares of Green Plains during the 4th quarter worth $26,000. Crewe Advisors LLC purchased a new position in Green Plains during the 1st quarter valued at about $150,000. Cape Investment Advisory Inc. bought a new stake in shares of Green Plains in the 4th quarter valued at about $196,000. Virtu Financial LLC purchased a new stake in shares of Green Plains in the 4th quarter worth approximately $234,000. Finally, Quarry LP boosted its stake in shares of Green Plains by 41.8% during the fourth quarter. Quarry LP now owns 9,911 shares of the specialty chemicals company’s stock valued at $250,000 after purchasing an additional 2,923 shares in the last quarter.

Green Plains Stock Performance

Shares of GPRE stock opened at $12.93 on Tuesday. The business has a fifty day moving average of $14.59 and a 200 day moving average of $17.53. Green Plains Inc. has a 1 year low of $11.63 and a 1 year high of $31.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11. The firm has a market capitalization of $835.52 million, a price-to-earnings ratio of -10.51 and a beta of 1.53.

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

Analysts Set New Price Targets

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

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.