Quantbot Technologies LP Invests $67,000 in Green Plains, Inc. $GPRE

Quantbot Technologies LP purchased a new position in shares of Green Plains, Inc. (NASDAQ:GPRE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,790 shares of the specialty chemicals company’s stock, valued at approximately $67,000.

Other hedge funds have also modified their holdings of the company. Raiffeisen Bank International AG purchased a new position in shares of Green Plains during the 4th quarter worth $72,000. PNC Financial Services Group Inc. grew its holdings in shares of Green Plains by 54.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 3,002 shares during the period. Brooklyn Investment Group grew its holdings in shares of Green Plains by 2,313.4% during the 1st quarter. Brooklyn Investment Group now owns 9,340 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 8,953 shares during the period. WealthPlan Investment Management LLC purchased a new position in shares of Green Plains during the 1st quarter worth $49,000. Finally, Aigen Investment Management LP purchased a new position in Green Plains during the 1st quarter valued at about $51,000.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America restated an “underperform” rating and set a $7.00 target price (up from $4.50) on shares of Green Plains in a report on Thursday, August 14th. Oppenheimer upgraded Green Plains from a “market perform” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Thursday. BMO Capital Markets lowered their target price on Green Plains from $8.00 to $7.00 and set a “market perform” rating for the company in a report on Monday, May 12th. Finally, Zacks Research upgraded Green Plains to a “hold” rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.83.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $11.11 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.94 and a current ratio of 1.47. Green Plains, Inc. has a fifty-two week low of $3.14 and a fifty-two week high of $14.67. The firm has a market capitalization of $728.48 million, a PE ratio of -4.63 and a beta of 1.18. The stock’s 50-day simple moving average is $7.90 and its 200-day simple moving average is $5.84.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.13). Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The business had revenue of $552.83 million for the quarter, compared to analyst estimates of $578.18 million. During the same period last year, the business posted ($0.38) EPS. Green Plains’s revenue was down 10.7% on a year-over-year basis. As a group, 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.