Trexquant Investment LP Increases Holdings in Green Plains Inc. (NASDAQ:GPRE)

Trexquant Investment LP increased its stake in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 177.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,639 shares of the specialty chemicals company's stock after buying an additional 300,413 shares during the quarter. Trexquant Investment LP owned 0.73% of Green Plains worth $4,452,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings 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 buying an additional 646,507 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Green Plains during the fourth quarter worth $4,249,000. Charles Schwab Investment Management Inc. increased its stake in shares of Green Plains by 21.8% in 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 acquiring an additional 250,738 shares during the last quarter. Kailix Advisors LLC grew its holdings in shares of Green Plains by 15.3% in the 4th quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company's stock valued at $12,484,000 after buying an additional 174,519 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Green Plains during the fourth quarter worth about $1,483,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Jefferies Financial Group downgraded shares of Green Plains from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. UBS Group downgraded Green Plains from a "buy" rating to a "neutral" rating and decreased their target price for the company from $20.50 to $7.00 in a research report on Tuesday, March 4th. StockNews.com lowered Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. 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. Finally, Truist Financial reissued a "buy" rating and issued a $12.00 target price (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 assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $18.89.

Green Plains Stock Performance

Shares of NASDAQ GPRE traded down $0.22 during mid-day trading on Thursday, reaching $3.85. 504,515 shares of the company's stock were exchanged, compared to its average volume of 1,354,238. 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 firm has a market capitalization of $248.88 million, a price-to-earnings ratio of -2.83 and a beta of 1.20. Green Plains Inc. has a 52 week low of $3.26 and a 52 week high of $23.50. The firm has a 50-day moving average price of $5.66 and a two-hundred day moving average price of $9.10.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share 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 period in the previous year, the firm posted $0.13 earnings per share. Analysts predict that Green Plains Inc. will post -0.5 EPS for the current year.

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.