Grantham Mayo Van Otterloo & Co. LLC Sells 401,021 Shares of Green Plains Inc. (NASDAQ:GPRE)

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,249,273 shares of the specialty chemicals company's stock after selling 401,021 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 8.12% of Green Plains worth $49,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GPRE. Van ECK Associates Corp boosted its stake in Green Plains by 433.3% during 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 in the last quarter. KBC Group NV grew its holdings 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 acquiring an additional 3,320 shares during the period. Cape Investment Advisory Inc. raised its position in Green Plains by 340.6% in the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock worth $67,000 after acquiring an additional 5,450 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Green Plains by 28.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company's stock valued at $108,000 after acquiring an additional 2,503 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Green Plains during the 4th quarter valued at about $117,000.

Analysts Set New Price Targets

GPRE has been the topic of several recent analyst reports. Jefferies Financial Group downgraded Green Plains from a "buy" rating to a "hold" rating and cut their price objective for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. Truist Financial reissued a "buy" rating and set a $12.00 target price (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. StockNews.com cut Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. UBS Group lowered Green Plains from a "buy" rating to a "neutral" rating and dropped their price target for the company from $20.50 to $7.00 in a research report on Tuesday, March 4th. Finally, BMO Capital Markets lowered their target price on Green Plains from $13.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Green Plains has a consensus rating of "Hold" and an average price target of $18.89.

Green Plains Stock Down 5.5 %

NASDAQ:GPRE traded down $0.23 during trading hours on Thursday, reaching $3.84. The company's stock had a trading volume of 781,371 shares, compared to its average volume of 1,355,398. Green Plains Inc. has a one year low of $3.26 and a one year high of $23.50. The business's 50-day moving average is $5.66 and its 200-day moving average is $9.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The company has a market cap of $248.24 million, a price-to-earnings ratio of -2.80 and a beta of 1.20.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued 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 net margin of 3.36% and a negative return on equity of 11.88%. During the same period last year, the business posted $0.13 EPS. Equities research analysts predict that Green Plains Inc. will post -0.5 EPS for the current year.

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.