Invesco Ltd. Purchases 488,870 Shares of Green Plains Inc. (NASDAQ:GPRE)

Invesco Ltd. lifted its stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 92.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,020,129 shares of the specialty chemicals company's stock after purchasing an additional 488,870 shares during the period. Invesco Ltd. owned approximately 1.58% of Green Plains worth $9,671,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in shares of Green Plains by 1,122.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company's stock valued at $6,675,000 after acquiring an additional 646,507 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Green Plains during the fourth quarter worth approximately $4,249,000. Trexquant Investment LP increased its holdings in Green Plains by 177.5% in the 4th quarter. Trexquant Investment LP now owns 469,639 shares of the specialty chemicals company's stock valued at $4,452,000 after purchasing an additional 300,413 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Green Plains by 21.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company's stock valued at $13,286,000 after buying an additional 250,738 shares during the period. Finally, Kailix Advisors LLC raised its stake in shares of Green Plains by 15.3% during the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company's stock valued at $12,484,000 after purchasing an additional 174,519 shares during the period.

Green Plains Stock Performance

NASDAQ:GPRE remained flat at $3.58 during trading hours on Friday. 906,846 shares of the company's stock traded hands, compared to its average volume of 1,378,974. The firm has a market capitalization of $231.73 million, a price-to-earnings ratio of -2.63 and a beta of 1.20. Green Plains Inc. has a 52 week low of $3.14 and a 52 week high of $21.81. 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 business's fifty day simple moving average is $4.79 and its 200 day simple moving average is $8.30.

Green Plains (NASDAQ:GPRE - Get Free Report) last announced its quarterly earnings data 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 period in the previous year, the business earned $0.13 EPS. Research analysts predict that Green Plains Inc. will post -0.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GPRE shares. StockNews.com cut shares of Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Jefferies Financial Group downgraded Green Plains from a "buy" rating to a "hold" rating and reduced their price target for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. UBS Group downgraded Green Plains from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $20.50 to $7.00 in a report on Tuesday, March 4th. Truist Financial reaffirmed a "buy" rating and issued a $12.00 target price (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Finally, BMO Capital Markets reduced their price target on shares of Green Plains from $13.00 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Green Plains presently has an average rating of "Hold" and a consensus price target of $16.50.

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.