Maven Securities LTD Trims Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Maven Securities LTD cut its holdings in Green Plains Inc. (NASDAQ:GPRE) by 77.8% during the second quarter, HoldingsChannel reports. The fund owned 100,000 shares of the specialty chemicals company’s stock after selling 350,000 shares during the period. Maven Securities LTD’s holdings in Green Plains were worth $1,586,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after acquiring an additional 447,825 shares during the last quarter. Broad Bay Capital Management LP boosted its position in shares of Green Plains by 17.6% during the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after buying an additional 352,000 shares during the period. Wolf Hill Capital Management LP grew its stake in shares of Green Plains by 13.7% in the second quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after buying an additional 240,849 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Green Plains by 3.6% in the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock valued at $29,669,000 after buying an additional 65,637 shares during the period. Finally, Kailix Advisors LLC lifted its stake in Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after acquiring an additional 382,517 shares in the last quarter.

Green Plains Price Performance

Shares of GPRE opened at $13.07 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $14.26 and its 200-day simple moving average is $17.28. The firm has a market capitalization of $844.57 million, a price-to-earnings ratio of -10.63 and a beta of 1.53. Green Plains Inc. has a twelve month low of $11.63 and a twelve month high of $31.92.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The business had revenue of $618.83 million during 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 firm’s quarterly revenue was down 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.89) earnings per share. Equities analysts forecast that Green Plains Inc. will post -0.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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