Skandinaviska Enskilda Banken AB publ Buys 42,400 Shares of Green Plains Inc. (NASDAQ:GPRE)

Skandinaviska Enskilda Banken AB publ raised its stake in Green Plains Inc. (NASDAQ:GPRE) by 42.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,000 shares of the specialty chemicals company’s stock after buying an additional 42,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.22% of Green Plains worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Inspire Advisors LLC raised its position in shares of Green Plains by 21.7% in the 4th quarter. Inspire Advisors LLC now owns 16,605 shares of the specialty chemicals company’s stock valued at $157,000 after acquiring an additional 2,959 shares during the period. Amundi increased its stake in Green Plains by 50.5% in the fourth quarter. Amundi now owns 87,231 shares of the specialty chemicals company’s stock valued at $872,000 after purchasing an additional 29,262 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Green Plains by 21.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company’s stock worth $13,286,000 after purchasing an additional 250,738 shares during the period. Cape Investment Advisory Inc. boosted its position in shares of Green Plains by 340.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after purchasing an additional 5,450 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Green Plains by 36.1% in the 4th quarter. Ieq Capital LLC now owns 15,018 shares of the specialty chemicals company’s stock valued at $142,000 after buying an additional 3,982 shares during the period.

Green Plains Price Performance

NASDAQ:GPRE opened at $5.60 on Tuesday. Green Plains Inc. has a 52-week low of $4.78 and a 52-week high of $24.04. The company has a market cap of $362.48 million, a P/E ratio of -4.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. The stock’s 50-day simple moving average is $7.51 and its 200 day simple moving average is $10.19.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same period last year, the business posted $0.13 EPS. As a group, sell-side analysts forecast that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

GPRE has been the topic of several research analyst reports. Jefferies Financial Group downgraded Green Plains from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. UBS Group cut Green Plains from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. BMO Capital Markets lowered their target price on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, February 10th. Truist Financial restated a “buy” rating and set a $12.00 target price (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.89.

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.