State Street Corp boosted its position in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,910,245 shares of the specialty chemicals company's stock after buying an additional 111,501 shares during the period. State Street Corp owned 6.05% of Green Plains worth $52,945,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of Green Plains in the 2nd quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Green Plains in the second quarter valued at $41,000. Quest Partners LLC acquired a new position in Green Plains in the third quarter valued at $52,000. nVerses Capital LLC purchased a new stake in shares of Green Plains in the third quarter valued at about $65,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Green Plains during the third quarter worth about $153,000.
Green Plains Price Performance
Shares of NASDAQ:GPRE traded up $0.16 on Friday, reaching $9.38. 2,495,811 shares of the company were exchanged, compared to its average volume of 1,115,384. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. Green Plains Inc. has a 1-year low of $9.12 and a 1-year high of $26.06. The company has a 50-day moving average of $11.23 and a 200-day moving average of $13.57. The firm has a market cap of $606.43 million, a price-to-earnings ratio of -24.68 and a beta of 1.44.
Analysts Set New Price Targets
Several equities analysts recently issued reports on GPRE shares. Stephens upgraded Green Plains to a "hold" rating in a research report on Monday, December 2nd. StockNews.com upgraded Green Plains from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. Finally, Truist Financial decreased their price target on Green Plains from $25.00 to $18.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.50.
Check Out Our Latest Report on GPRE
Green Plains Company Profile
(
Free Report)
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.
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