272 Capital LP Trims Holdings in Green Plains Inc. (NASDAQ:GPRE)

272 Capital LP reduced its stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 70.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 128,455 shares of the specialty chemicals company's stock after selling 311,603 shares during the quarter. Green Plains accounts for 1.9% of 272 Capital LP's investment portfolio, making the stock its 16th biggest holding. 272 Capital LP owned about 0.20% of Green Plains worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GPRE. Vanguard Group Inc. grew its position in Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company's stock valued at $107,771,000 after buying an additional 447,825 shares during the last quarter. Thomist Capital Management LP acquired a new stake in shares of Green Plains in the 2nd quarter worth $1,011,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Green Plains by 278.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 140,500 shares of the specialty chemicals company's stock worth $2,228,000 after acquiring an additional 103,400 shares during the period. William Blair Investment Management LLC raised its holdings in Green Plains by 3.6% during the second quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company's stock worth $29,669,000 after purchasing an additional 65,637 shares in the last quarter. Finally, Lumbard & Kellner LLC acquired a new stake in Green Plains in the second quarter valued at about $4,685,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Oppenheimer lowered Green Plains from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 7th. Craig Hallum dropped their price objective on Green Plains from $34.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. UBS Group cut their price objective on Green Plains from $26.00 to $23.50 and set a "buy" rating for the company in a research report on Monday, August 19th. StockNews.com raised shares of Green Plains from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, BMO Capital Markets reduced their price objective on shares of Green Plains from $22.00 to $17.00 and set a "market perform" rating for the company in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.

Green Plains Price Performance

Shares of NASDAQ GPRE traded down $0.02 on Friday, hitting $10.80. The company's stock had a trading volume of 369,815 shares, compared to its average volume of 1,256,583. The stock has a 50 day moving average of $11.97 and a 200-day moving average of $14.27. The company has a market capitalization of $698.22 million, a price-to-earnings ratio of -28.42 and a beta of 1.53. Green Plains Inc. has a 12-month low of $10.36 and a 12-month high of $28.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16.

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.