Green Plains (NASDAQ:GPRE) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Green Plains (NASDAQ:GPRE) from a sell rating to a hold rating in a research report sent to investors on Thursday, BidAskClub reports.

GPRE has been the topic of a number of other research reports. ValuEngine downgraded Green Plains from a strong-buy rating to a buy rating in a research note on Wednesday, December 4th. Jefferies Financial Group boosted their price objective on Green Plains from $15.00 to $20.00 and gave the stock a buy rating in a research note on Thursday, December 26th. Finally, Zacks Investment Research downgraded Green Plains from a hold rating to a sell rating in a research note on Saturday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $16.00.

Green Plains stock traded down $0.03 during mid-day trading on Thursday, hitting $13.15. 393,500 shares of the company’s stock traded hands, compared to its average volume of 516,965. The firm has a 50 day moving average price of $13.49 and a 200 day moving average price of $12.13. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.32. The company has a market cap of $466.45 million, a PE ratio of -3.00 and a beta of 1.33. Green Plains has a one year low of $7.01 and a one year high of $17.74.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Monday, February 10th. The specialty chemicals company reported ($1.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.61). Green Plains had a negative return on equity of 14.87% and a negative net margin of 5.78%. The firm had revenue of $715.68 million during the quarter, compared to the consensus estimate of $580.00 million. On average, analysts expect that Green Plains will post -0.93 earnings per share for the current fiscal year.

In related news, Director Wayne Hoovestol sold 80,060 shares of Green Plains stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $14.39, for a total value of $1,152,063.40. Following the transaction, the director now directly owns 210,176 shares in the company, valued at approximately $3,024,432.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michelle Mapes sold 2,000 shares of Green Plains stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $16.34, for a total value of $32,680.00. Following the completion of the transaction, the insider now owns 34,877 shares in the company, valued at $569,890.18. The disclosure for this sale can be found here. Insiders sold a total of 245,103 shares of company stock worth $3,718,288 in the last three months. Company insiders own 5.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in shares of Green Plains by 70.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,504 shares of the specialty chemicals company’s stock worth $39,000 after acquiring an additional 1,034 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Green Plains by 18.3% in the 4th quarter. Victory Capital Management Inc. now owns 7,227 shares of the specialty chemicals company’s stock worth $112,000 after acquiring an additional 1,116 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Green Plains by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 17,049 shares of the specialty chemicals company’s stock worth $181,000 after acquiring an additional 1,340 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Green Plains by 7.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 26,210 shares of the specialty chemicals company’s stock worth $404,000 after acquiring an additional 1,880 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Green Plains by 21.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,424 shares of the specialty chemicals company’s stock worth $121,000 after acquiring an additional 2,038 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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