Hsbc Holdings PLC Has $162,000 Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Hsbc Holdings PLC decreased its holdings in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 98.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,020 shares of the specialty chemicals company's stock after selling 678,401 shares during the quarter. Hsbc Holdings PLC's holdings in Green Plains were worth $162,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GPRE. Crewe Advisors LLC bought a new stake in shares of Green Plains during the 1st quarter worth about $150,000. Equitable Trust Co. acquired a new stake in shares of Green Plains in the second quarter valued at approximately $191,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 valued at $221,000 after buying an additional 1,456 shares during the period. Virtu Financial LLC acquired a new stake in Green Plains during the fourth quarter worth approximately $234,000. Finally, Quarry LP increased its stake in Green Plains by 41.8% during the 4th quarter. Quarry LP now owns 9,911 shares of the specialty chemicals company's stock worth $250,000 after acquiring an additional 2,923 shares during the period.

Green Plains Price Performance

Shares of GPRE traded up $0.46 during trading hours on Friday, reaching $13.50. The stock had a trading volume of 547,456 shares, compared to its average volume of 1,105,598. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. Green Plains Inc. has a 12 month low of $11.63 and a 12 month high of $31.92. The stock has a market capitalization of $872.36 million, a PE ratio of -10.98 and a beta of 1.52. The company's 50-day moving average is $13.94 and its two-hundred day moving average is $17.05.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The firm had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. Green Plains's revenue for the quarter was down 27.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.89) earnings per share. Research analysts expect that Green Plains Inc. will post -0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GPRE shares. BMO Capital Markets cut their target price on Green Plains from $22.00 to $17.00 and set a "market perform" rating for the company in a research report on Wednesday, August 7th. Craig Hallum reduced their price objective 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. Truist Financial restated a "buy" rating and issued a $25.00 target price (down from $30.00) on shares of Green Plains in a research report on Monday, August 5th. UBS Group reduced their price target on shares of Green Plains from $26.00 to $23.50 and set a "buy" rating on the stock in a research report on Monday, August 19th. Finally, Oppenheimer downgraded shares of Green Plains from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.28.

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.