Cibc World Markets Corp Grows Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Cibc World Markets Corp grew its position in Green Plains Inc. (NASDAQ:GPRE) by 42.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,776 shares of the specialty chemicals company’s stock after acquiring an additional 49,201 shares during the quarter. Cibc World Markets Corp owned about 0.25% of Green Plains worth $1,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GPRE. Corient Private Wealth LLC purchased a new position in Green Plains during the fourth quarter worth approximately $154,000. Monaco Asset Management SAM purchased a new position in Green Plains during the fourth quarter worth approximately $970,000. Commonwealth Equity Services LLC purchased a new position in Green Plains during the fourth quarter worth approximately $117,000. Kailix Advisors LLC lifted its position in Green Plains by 15.3% during the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company’s stock worth $12,484,000 after buying an additional 174,519 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in Green Plains by 42.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 142,000 shares of the specialty chemicals company’s stock worth $1,267,000 after buying an additional 42,400 shares in the last quarter.

Analyst Ratings Changes

GPRE has been the topic of a number of analyst reports. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Stephens raised Green Plains to a “hold” rating in a research note on Monday, December 2nd. BMO Capital Markets cut 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 reissued a “buy” rating and set a $12.00 target price (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, UBS Group cut Green Plains from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.50 to $7.00 in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Plains presently has an average rating of “Hold” and an average price target of $18.89.

Green Plains Trading Up 1.3 %

Shares of NASDAQ GPRE opened at $5.33 on Friday. Green Plains Inc. has a twelve month low of $4.78 and a twelve month high of $24.04. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $7.14 and a 200-day simple moving average of $9.99. The stock has a market capitalization of $345.01 million, a PE ratio of -3.92 and a beta of 1.55.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same period last year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that Green Plains Inc. will post -0.5 earnings per share for the current year.

Green Plains 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.