AQR Capital Management LLC Has $289,000 Holdings in Green Plains Inc. (NASDAQ:GPRE)

AQR Capital Management LLC lessened its stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 72.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,226 shares of the specialty chemicals company's stock after selling 47,988 shares during the period. AQR Capital Management LLC's holdings in Green Plains were worth $289,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Wolf Hill Capital Management LP raised its position in shares of Green Plains by 3,036.9% during the 1st quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company's stock valued at $40,545,000 after acquiring an additional 1,697,784 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company's stock valued at $107,771,000 after acquiring an additional 447,825 shares during the last quarter. Kailix Advisors LLC raised its position 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 acquiring an additional 382,517 shares during the last quarter. Clifford Capital Partners LLC bought a new stake in shares of Green Plains during the 1st quarter valued at $7,688,000. Finally, Lumbard & Kellner LLC bought a new stake in shares of Green Plains during the 2nd quarter valued at $4,685,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GPRE. BMO Capital Markets decreased their price target on shares of 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 cut 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. Craig Hallum cut 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 report on Wednesday, August 7th. Truist Financial cut their price target on shares of Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Oppenheimer cut shares of Green Plains from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.

Green Plains Stock Performance

Shares of GPRE stock traded down $0.40 on Thursday, reaching $11.94. The stock had a trading volume of 718,640 shares, compared to its average volume of 1,088,028. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.55. The firm's 50-day moving average is $13.34 and its two-hundred day moving average is $16.56. The firm has a market capitalization of $771.23 million, a price-to-earnings ratio of -9.70 and a beta of 1.52. Green Plains Inc. has a 12 month low of $11.63 and a 12 month high of $31.92.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The company 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%. The firm's revenue was down 27.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.89) earnings per share. On average, research analysts expect that Green Plains Inc. will post -0.95 EPS for the current fiscal year.

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.