Green Plains Inc. (NASDAQ:GPRE) Shares Sold by 272 Capital LP

272 Capital LP cut its stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 36.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 278,637 shares of the specialty chemicals company's stock after selling 161,421 shares during the period. Green Plains comprises about 2.0% of 272 Capital LP's investment portfolio, making the stock its 19th largest position. 272 Capital LP owned 0.43% of Green Plains worth $3,773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its stake in Green Plains by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company's stock worth $515,000 after purchasing an additional 700 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Green Plains by 0.7% during the second quarter. Clearbridge Investments LLC now owns 103,690 shares of the specialty chemicals company's stock valued at $1,645,000 after buying an additional 739 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Green Plains by 2.3% in the third quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company's stock valued at $843,000 after acquiring an additional 1,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Green Plains by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,917 shares of the specialty chemicals company's stock worth $221,000 after acquiring an additional 1,456 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Green Plains during the 2nd quarter worth about $29,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GPRE shares. StockNews.com raised shares of Green Plains from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. UBS Group cut their price target on Green Plains from $26.00 to $23.50 and set a "buy" rating on the stock in a report on Monday, August 19th. Truist Financial decreased their price objective on Green Plains from $25.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Finally, Stephens upgraded shares of Green Plains to a "hold" rating in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Green Plains currently has an average rating of "Moderate Buy" and an average target price of $25.50.

Green Plains Stock Performance

Shares of GPRE traded down $0.18 during trading hours on Friday, reaching $10.71. 702,402 shares of the company traded hands, compared to its average volume of 1,105,205. The business has a fifty day moving average price of $11.54 and a 200-day moving average price of $13.82. Green Plains Inc. has a 12-month low of $10.18 and a 12-month high of $28.50. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $692.40 million, a P/E ratio of -28.18 and a beta of 1.44.

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.