Kailix Advisors LLC Reduces Holdings in Green Plains Inc. (NASDAQ:GPRE)

Kailix Advisors LLC decreased its position in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 15.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,142,375 shares of the specialty chemicals company's stock after selling 200,894 shares during the period. Green Plains makes up 13.0% of Kailix Advisors LLC's holdings, making the stock its 5th biggest position. Kailix Advisors LLC owned 1.77% of Green Plains worth $15,468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GPRE. New York State Teachers Retirement System increased its stake in Green Plains by 2.3% during the 3rd quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company's stock worth $843,000 after acquiring an additional 1,400 shares during the period. Everence Capital Management Inc. bought a new position in shares of Green Plains in the third quarter worth $153,000. Inspire Advisors LLC acquired a new position in Green Plains in the third quarter valued at about $185,000. nVerses Capital LLC bought a new stake in Green Plains during the third quarter worth about $65,000. Finally, Inspire Investing LLC grew its stake in Green Plains by 39.2% during the third quarter. Inspire Investing LLC now owns 33,087 shares of the specialty chemicals company's stock worth $448,000 after buying an additional 9,325 shares in the last quarter.

Analysts Set New Price Targets

GPRE has been the subject of a number of recent analyst reports. Truist Financial cut their price target on shares of Green Plains from $25.00 to $18.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. BMO Capital Markets lowered their price target on Green Plains from $22.00 to $17.00 and set a "market perform" rating for the company in a report on Wednesday, August 7th. UBS Group decreased their target price on Green Plains from $26.00 to $23.50 and set a "buy" rating on the stock in a research report on Monday, August 19th. Craig Hallum reduced their price target on shares of Green Plains from $34.00 to $26.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Finally, Oppenheimer downgraded shares of Green Plains from an "outperform" rating to a "market perform" rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Green Plains currently has an average rating of "Moderate Buy" and an average price target of $25.50.

Green Plains Trading Down 3.0 %

NASDAQ:GPRE traded down $0.36 on Friday, reaching $11.37. 926,468 shares of the stock traded hands, compared to its average volume of 1,227,424. Green Plains Inc. has a 1-year low of $10.74 and a 1-year high of $28.50. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. The company's 50 day moving average is $12.63 and its 200-day moving average is $15.25. The firm has a market capitalization of $734.75 million, a price-to-earnings ratio of -29.91 and a beta of 1.53.

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.