448,200 Shares in Green Plains Inc. (NASDAQ:GPRE) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 448,200 shares of the specialty chemicals company's stock, valued at approximately $4,249,000. KLP Kapitalforvaltning AS owned 0.69% of Green Plains as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Green Plains by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company's stock worth $2,971,000 after acquiring an additional 8,750 shares in the last quarter. Barclays PLC grew its stake in shares of Green Plains by 71.5% in the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company's stock valued at $1,935,000 after buying an additional 59,564 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Green Plains by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company's stock valued at $15,581,000 after buying an additional 159,147 shares during the period. Amundi increased its position in Green Plains by 50.5% in the 4th quarter. Amundi now owns 87,231 shares of the specialty chemicals company's stock valued at $872,000 after buying an additional 29,262 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in Green Plains in the third quarter worth approximately $840,000.

Green Plains Stock Performance

GPRE traded down $0.54 during trading on Friday, hitting $4.86. 1,755,620 shares of the company traded hands, compared to its average volume of 1,321,679. Green Plains Inc. has a one year low of $4.74 and a one year high of $24.04. The stock's fifty day moving average is $6.68 and its 200 day moving average is $9.67. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The firm has a market cap of $314.58 million, a P/E ratio of -3.57 and a beta of 1.55.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (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 quarter in the previous year, the business posted $0.13 EPS. As a group, equities analysts predict that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BMO Capital Markets reduced their price target 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. UBS Group lowered Green Plains from a "buy" rating to a "neutral" rating and dropped their target price for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. StockNews.com cut Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Jefferies Financial Group lowered shares of Green Plains from a "buy" rating to a "hold" rating and reduced their target price for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Finally, Truist Financial reissued a "buy" rating and set a $12.00 price target (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Green Plains presently has a consensus rating of "Hold" and a consensus price target of $18.89.

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.