Point72 Asset Management L.P. Has $7.53 Million Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Point72 Asset Management L.P. lifted its stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 29.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 556,095 shares of the specialty chemicals company's stock after purchasing an additional 126,795 shares during the quarter. Point72 Asset Management L.P. owned 0.86% of Green Plains worth $7,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new stake in Green Plains during the 2nd quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Green Plains during the second quarter valued at $41,000. Quest Partners LLC acquired a new position in Green Plains during the third quarter valued at $52,000. nVerses Capital LLC purchased a new stake in Green Plains in the 3rd quarter worth about $65,000. Finally, Everence Capital Management Inc. acquired a new stake in Green Plains during the 3rd quarter worth about $153,000.

Analysts Set New Price Targets

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

Green Plains Stock Up 1.8 %

Green Plains stock traded up $0.19 during mid-day trading on Friday, hitting $10.58. 1,274,828 shares of the company's stock were exchanged, compared to its average volume of 1,043,142. The stock has a market cap of $684.00 million, a P/E ratio of -27.84 and a beta of 1.44. Green Plains Inc. has a 1-year low of $10.18 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 stock has a 50 day moving average of $11.72 and a two-hundred day moving average of $13.97.

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.