Green Plains Inc. (NASDAQ:GPRE) Stock Holdings Trimmed by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its holdings in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 90.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 178,791 shares of the specialty chemicals company's stock after selling 1,684,484 shares during the quarter. William Blair Investment Management LLC owned 0.28% of Green Plains worth $1,695,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GPRE. Van ECK Associates Corp lifted its stake in shares of Green Plains by 433.3% in the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 2,717 shares during the period. Quest Partners LLC purchased a new position in Green Plains in the third quarter valued at about $52,000. KBC Group NV lifted its position in shares of Green Plains by 120.7% during the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company's stock valued at $58,000 after acquiring an additional 3,320 shares during the period. Cape Investment Advisory Inc. boosted its stake in shares of Green Plains by 340.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock worth $67,000 after acquiring an additional 5,450 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Green Plains in the 3rd quarter worth approximately $155,000.

Wall Street Analysts Forecast Growth

GPRE has been the topic of a number of research analyst reports. UBS Group downgraded Green Plains from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Stephens raised Green Plains to a "hold" rating in a research report on Monday, December 2nd. BMO Capital Markets cut their target price on shares of Green Plains from $13.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, February 10th. Truist Financial reiterated a "buy" rating and set a $12.00 price target (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, Jefferies Financial Group cut shares of Green Plains from a "buy" rating to a "hold" rating and lowered their target price for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Green Plains has an average rating of "Hold" and a consensus price target of $18.89.

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Green Plains Stock Down 5.1 %

Shares of NASDAQ:GPRE traded down $0.27 during mid-day trading on Monday, hitting $5.06. 1,690,814 shares of the company traded hands, compared to its average volume of 1,274,628. The firm's 50 day simple moving average is $7.14 and its 200 day simple moving average is $9.94. The firm has a market cap of $327.53 million, a P/E ratio of -3.72 and a beta of 1.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. Green Plains Inc. has a 52-week low of $4.78 and a 52-week high of $24.04.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same quarter last year, the business earned $0.13 EPS. On average, equities analysts anticipate that Green Plains Inc. will post -0.5 EPS for the current year.

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.