AYAL Capital Advisors Ltd Lowers Holdings in Green Plains Inc. (NASDAQ:GPRE)

AYAL Capital Advisors Ltd decreased its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,699 shares of the specialty chemicals company’s stock after selling 7,100 shares during the quarter. Green Plains makes up 0.7% of AYAL Capital Advisors Ltd’s holdings, making the stock its 25th largest holding. AYAL Capital Advisors Ltd’s holdings in Green Plains were worth $1,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Future Fund LLC grew its holdings in Green Plains by 5.0% during the 4th quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock worth $289,000 after acquiring an additional 550 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in Green Plains by 6.3% during the first quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 655 shares during the period. Inspire Investing LLC raised its stake in Green Plains by 4.1% in the first quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock worth $398,000 after buying an additional 675 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Green Plains by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock worth $515,000 after buying an additional 700 shares during the period. Finally, Quest Partners LLC bought a new stake in Green Plains during the 4th quarter valued at $26,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GPRE. Truist Financial reissued a “buy” rating and issued a $25.00 price target (down from $30.00) on shares of Green Plains in a research report on Monday, August 5th. Craig Hallum reduced their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. 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. Finally, BMO Capital Markets lowered their target price on shares of 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. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.28.

Green Plains Stock Performance

Shares of GPRE opened at $13.48 on Wednesday. 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 has a 50-day moving average of $14.53 and a two-hundred day moving average of $17.48. Green Plains Inc. has a one year low of $11.63 and a one year high of $31.92.

Green Plains (NASDAQ:GPRE) last issued its 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 net margin of 1.64% and a negative return on equity of 4.94%. The firm had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. During the same quarter in the prior year, the company earned ($0.89) EPS. Green Plains’s quarterly revenue was down 27.8% on a year-over-year basis. On average, research analysts forecast that Green Plains Inc. will post -0.95 earnings per share for the current fiscal year.

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.