State of Alaska Department of Revenue Has $499,000 Holdings in Green Plains Inc. (NASDAQ:GPRE)

State of Alaska Department of Revenue trimmed its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 2.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,896 shares of the specialty chemicals company’s stock after selling 1,043 shares during the quarter. State of Alaska Department of Revenue’s holdings in Green Plains were worth $499,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its stake in shares of Green Plains by 6.3% in 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 in the last quarter. Inspire Investing LLC lifted its position in Green Plains by 4.1% in the 1st quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock valued at $398,000 after acquiring an additional 675 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Green Plains by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after purchasing an additional 700 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Green Plains by 0.7% during the 2nd quarter. Clearbridge Investments LLC now owns 103,690 shares of the specialty chemicals company’s stock worth $1,645,000 after purchasing an additional 739 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Green Plains by 9.7% in the first quarter. ProShare Advisors LLC now owns 12,013 shares of the specialty chemicals company’s stock worth $278,000 after purchasing an additional 1,063 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BMO Capital Markets lowered 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. Craig Hallum lowered 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. Truist Financial cut their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. UBS Group decreased 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, Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Stock Performance

NASDAQ GPRE opened at $11.37 on Friday. The firm has a market cap of $734.76 million, a P/E ratio of -29.91 and a beta of 1.53. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $12.63 and its 200-day moving average is $15.35. Green Plains Inc. has a 12-month low of $10.74 and a 12-month high of $28.50.

Green Plains (NASDAQ:GPRE) last issued 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). Green Plains had a negative net margin of 0.79% and a negative return on equity of 4.81%. The business had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. During the same period in the previous year, the firm earned ($0.89) EPS. The company’s revenue was down 27.8% compared to the same quarter last year. Sell-side analysts predict that Green Plains Inc. will post -0.49 earnings per share for the current year.

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.