AQR Capital Management LLC lowered its holdings in Green Plains Inc. (NASDAQ:GPRE – Free Report) by 72.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,226 shares of the specialty chemicals company’s stock after selling 47,988 shares during the quarter. AQR Capital Management LLC’s holdings in Green Plains were worth $289,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Green Plains in the 2nd quarter valued at about $41,000. Point72 Hong Kong Ltd purchased a new position in shares of Green Plains during the 2nd quarter valued at about $29,000. 272 Capital LP raised its holdings in shares of Green Plains by 10.1% during the 2nd quarter. 272 Capital LP now owns 440,058 shares of the specialty chemicals company’s stock valued at $6,979,000 after buying an additional 40,546 shares in the last quarter. Point72 DIFC Ltd raised its holdings in shares of Green Plains by 1,978.6% during the 2nd quarter. Point72 DIFC Ltd now owns 40,450 shares of the specialty chemicals company’s stock valued at $642,000 after buying an additional 38,504 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of Green Plains by 8.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 142,217 shares of the specialty chemicals company’s stock valued at $2,256,000 after buying an additional 10,491 shares in the last quarter.
Green Plains Price Performance
Shares of GPRE stock opened at $12.34 on Thursday. The firm has a market cap of $797.40 million, a P/E ratio of -10.03 and a beta of 1.52. Green Plains Inc. has a fifty-two week low of $11.63 and a fifty-two week high of $31.92. The business’s 50 day moving average price is $13.34 and its 200-day moving average price is $16.56. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on GPRE shares. BMO Capital Markets decreased their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Craig Hallum decreased their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. UBS Group reduced their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Finally, Truist Financial reduced their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday. 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. According to data from MarketBeat.com, Green Plains has a consensus rating of “Moderate Buy” and an average price target of $25.50.
View Our Latest Analysis on GPRE
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.
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