Green Plains Partners (NASDAQ:GPP) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Green Plains Partners (NASDAQ:GPP) from a buy rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “

Several other research analysts have also commented on the company. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Monday, May 13th. BidaskClub lowered Xperi from a sell rating to a strong sell rating in a research report on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $17.20.



GPP opened at $14.38 on Wednesday. The stock has a market capitalization of $332.71 million, a price-to-earnings ratio of 8.46 and a beta of 0.50. Green Plains Partners has a 12 month low of $13.30 and a 12 month high of $16.80. The stock has a 50-day moving average of $13.94.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings results on Wednesday, May 8th. The transportation company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.14. The company had revenue of $21.09 million during the quarter, compared to analyst estimates of $22.33 million. Green Plains Partners had a negative return on equity of 71.28% and a net margin of 54.78%. Equities research analysts expect that Green Plains Partners will post 1.47 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its position in Green Plains Partners by 9.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 50,934 shares of the transportation company’s stock worth $807,000 after buying an additional 4,479 shares in the last quarter. Sigma Planning Corp lifted its stake in Green Plains Partners by 12.0% during the first quarter. Sigma Planning Corp now owns 41,675 shares of the transportation company’s stock worth $660,000 after purchasing an additional 4,454 shares during the last quarter. Nwam LLC lifted its stake in Green Plains Partners by 9.4% during the first quarter. Nwam LLC now owns 25,280 shares of the transportation company’s stock worth $400,000 after purchasing an additional 2,180 shares during the last quarter. Barclays PLC bought a new stake in Green Plains Partners during the fourth quarter worth about $118,000. Finally, GSA Capital Partners LLP lifted its stake in Green Plains Partners by 13.1% during the fourth quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock worth $161,000 after purchasing an additional 1,377 shares during the last quarter. 15.89% of the stock is owned by institutional investors and hedge funds.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.

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