Green Plains Inc. (NASDAQ:GPRE) Position Raised by Cibc World Markets Corp

Cibc World Markets Corp grew its holdings in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,776 shares of the specialty chemicals company's stock after buying an additional 49,201 shares during the quarter. Cibc World Markets Corp owned 0.25% of Green Plains worth $1,562,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in Green Plains by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company's stock worth $2,971,000 after purchasing an additional 8,750 shares during the period. Barclays PLC boosted its position in shares of Green Plains by 71.5% in the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company's stock worth $1,935,000 after buying an additional 59,564 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Green Plains by 16.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company's stock worth $15,581,000 after buying an additional 159,147 shares during the period. Amundi grew its stake in shares of 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 buying an additional 29,262 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Green Plains during the 3rd quarter valued at about $840,000.

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Green Plains Stock Performance

Shares of GPRE traded up $0.04 during mid-day trading on Wednesday, hitting $5.09. The stock had a trading volume of 1,391,359 shares, compared to its average volume of 1,277,355. Green Plains Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $24.04. 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 company has a market cap of $329.47 million, a PE ratio of -3.74 and a beta of 1.55. The company's fifty day simple moving average is $6.97 and its two-hundred day simple moving average is $9.82.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing analysts' consensus estimates 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 last year, the company posted $0.13 earnings per share. On average, equities analysts expect that Green Plains Inc. will post -0.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GPRE shares. StockNews.com lowered shares of Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Jefferies Financial Group downgraded shares of Green Plains from a "buy" rating to a "hold" rating and dropped their price target for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. 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 reiterated a "buy" rating and issued a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, Stephens raised Green Plains to a "hold" rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $18.89.

About Green Plains

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.