CenterBook Partners LP Takes $10.94 Million Position in Green Plains Inc. (NASDAQ:GPRE)

CenterBook Partners LP bought a new position in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,153,996 shares of the specialty chemicals company's stock, valued at approximately $10,940,000. CenterBook Partners LP owned approximately 1.78% of Green Plains as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC raised its position in shares of Green Plains by 4.1% during the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company's stock worth $355,000 after purchasing an additional 1,488 shares during the period. Diametric Capital LP raised its holdings in Green Plains by 11.6% during the 4th quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company's stock worth $217,000 after buying an additional 2,388 shares during the period. Pictet Asset Management Holding SA raised its holdings in Green Plains by 28.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company's stock worth $108,000 after buying an additional 2,503 shares during the period. Van ECK Associates Corp lifted its stake in Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 2,717 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in shares of Green Plains by 4.7% in the fourth quarter. New York State Teachers Retirement System now owns 65,154 shares of the specialty chemicals company's stock worth $618,000 after buying an additional 2,900 shares during the period.

Green Plains Stock Performance

Green Plains stock traded up $0.09 during trading hours on Monday, hitting $3.87. The stock had a trading volume of 470,428 shares, compared to its average volume of 1,360,161. The company has a 50-day moving average of $5.46 and a two-hundred day moving average of $8.95. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. Green Plains Inc. has a fifty-two week low of $3.26 and a fifty-two week high of $22.75. The company has a market cap of $250.50 million, a PE ratio of -2.85 and a beta of 1.20.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS 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 in the prior year, the firm earned $0.13 earnings per share. On average, equities research analysts anticipate that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial reissued a "buy" rating and issued a $12.00 price objective (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. StockNews.com downgraded shares of Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. BMO Capital Markets cut their target price on shares of Green Plains from $13.00 to $8.00 and set a "market perform" rating for the company in a research report on Monday, February 10th. Jefferies Financial Group cut shares of Green Plains from a "buy" rating to a "hold" rating and lowered their price target for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. Finally, UBS Group lowered Green Plains from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $20.50 to $7.00 in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.