Cresset Asset Management LLC Sells 11,214 Shares of Green Plains Inc. (NASDAQ:GPRE)

Cresset Asset Management LLC lessened its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 49.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,428 shares of the specialty chemicals company’s stock after selling 11,214 shares during the period. Cresset Asset Management LLC’s holdings in Green Plains were worth $108,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. lifted its position in shares of Green Plains by 92.0% during the 4th quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock valued at $9,671,000 after acquiring an additional 488,870 shares during the period. Principal Financial Group Inc. lifted its position in shares of Green Plains by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company’s stock valued at $2,971,000 after acquiring an additional 8,750 shares during the period. Amundi lifted its position in shares of Green Plains by 50.5% during the 4th quarter. Amundi now owns 87,231 shares of the specialty chemicals company’s stock valued at $872,000 after acquiring an additional 29,262 shares during the period. Barclays PLC lifted its position in shares of Green Plains by 71.5% during the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock valued at $1,935,000 after acquiring an additional 59,564 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Green Plains by 49.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 73,292 shares of the specialty chemicals company’s stock valued at $695,000 after acquiring an additional 24,290 shares during the period.

Analyst Ratings Changes

A number of research firms recently issued reports on GPRE. UBS Group downgraded shares of Green Plains from a “buy” rating to a “neutral” rating and dropped their target price for the company from $20.50 to $7.00 in a research report on Tuesday, March 4th. Jefferies Financial Group lowered shares of Green Plains from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. BMO Capital Markets dropped their price objective on shares of Green Plains from $8.00 to $7.00 and set a “market perform” rating on the stock in a research note on Monday, May 12th. Bank of America lowered shares of Green Plains from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.00 to $4.50 in a research note on Tuesday, April 15th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $12.00 price objective (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Green Plains currently has a consensus rating of “Hold” and a consensus target price of $11.93.

Green Plains Stock Performance

Shares of GPRE stock opened at $5.23 on Monday. The firm has a 50-day moving average of $4.30 and a 200-day moving average of $7.50. The company has a market cap of $342.04 million, a P/E ratio of -3.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. Green Plains Inc. has a one year low of $3.14 and a one year high of $19.80.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.37). The firm had revenue of $601.52 million during the quarter, compared to analysts’ expectations of $605.62 million. Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.81) EPS. Equities research analysts forecast that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

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.