Wellington Management Group LLP Sells 464,684 Shares of Green Plains Inc. (NASDAQ:GPRE)

Wellington Management Group LLP reduced its position in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 63.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,581 shares of the specialty chemicals company's stock after selling 464,684 shares during the period. Wellington Management Group LLP owned 0.41% of Green Plains worth $3,555,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GPRE. Kailix Advisors LLC boosted its stake in shares of Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company's stock valued at $22,406,000 after purchasing an additional 382,517 shares in the last quarter. Lumbard & Kellner LLC purchased a new position in shares of Green Plains during the 2nd quarter worth approximately $4,685,000. American Century Companies Inc. grew its holdings in shares of Green Plains by 287.6% during the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company's stock worth $5,275,000 after acquiring an additional 246,773 shares during the period. Wolf Hill Capital Management LP raised its position in shares of Green Plains by 13.7% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company's stock worth $31,633,000 after acquiring an additional 240,849 shares in the last quarter. Finally, Clifford Capital Partners LLC lifted its stake in shares of Green Plains by 53.7% in the 2nd quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company's stock valued at $8,105,000 after purchasing an additional 178,484 shares during the period.

Wall Street Analyst Weigh In

GPRE has been the topic of a number of recent research reports. StockNews.com upgraded shares of Green Plains from a "sell" rating to a "hold" rating in a report on Friday, December 6th. Stephens upgraded Green Plains to a "hold" rating in a research note on Monday, December 2nd. Finally, Truist Financial dropped their target price on Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $25.50.

Green Plains Stock Performance

NASDAQ:GPRE traded down $0.96 during mid-day trading on Wednesday, reaching $9.92. The company's stock had a trading volume of 1,660,280 shares, compared to its average volume of 1,108,119. The firm's fifty day moving average price is $11.37 and its two-hundred day moving average price is $13.62. 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 stock has a market cap of $641.34 million, a P/E ratio of -26.11 and a beta of 1.44. Green Plains Inc. has a 12-month low of $9.85 and a 12-month high of $26.67.

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.