Counterpoint Mutual Funds LLC Purchases Shares of 156,409 Green Plains Inc. (NASDAQ:GPRE)

Counterpoint Mutual Funds LLC purchased a new stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 156,409 shares of the specialty chemicals company's stock, valued at approximately $1,483,000. Counterpoint Mutual Funds LLC owned 0.24% of Green Plains at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in shares of Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 2,717 shares during the period. Quest Partners LLC acquired a new position in Green Plains in the 3rd quarter worth about $52,000. KBC Group NV boosted its position in Green Plains by 120.7% during the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company's stock worth $58,000 after purchasing an additional 3,320 shares in the last quarter. Cape Investment Advisory Inc. raised its stake in shares of Green Plains by 340.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock worth $67,000 after buying an additional 5,450 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Green Plains during the 3rd quarter valued at approximately $155,000.

Analysts Set New Price Targets

Several brokerages recently commented on GPRE. BMO Capital Markets cut 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 report on Monday, February 10th. Jefferies Financial Group cut Green Plains from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. UBS Group cut Green Plains from a "buy" rating to a "neutral" rating and reduced their target price for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. Stephens upgraded Green Plains to a "hold" rating in a research report on Monday, December 2nd. Finally, Truist Financial restated a "buy" rating and issued a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Green Plains currently has an average rating of "Hold" and a consensus price target of $18.89.

Remove Ads

Green Plains Trading Up 1.3 %

GPRE stock traded up $0.07 during trading on Friday, reaching $5.33. 14,644,517 shares of the stock were exchanged, compared to its average volume of 1,275,818. 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 firm has a market capitalization of $345.01 million, a price-to-earnings ratio of -3.92 and a beta of 1.55. The business has a 50 day moving average price of $7.23 and a 200-day moving average price of $10.06. Green Plains Inc. has a 1 year low of $4.78 and a 1 year high of $24.04.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly 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 net margin of 3.36% and a negative return on equity of 11.88%. During the same quarter in the previous year, the business posted $0.13 EPS. On average, research analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current year.

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.