Green Plains (NASDAQ:GPRE) Shares Down 4% – Here’s Why

Green Plains Inc. (NASDAQ:GPRE) shares were down 4% during mid-day trading on Tuesday . The company traded as low as $9.03 and last traded at $9.09. Approximately 170,346 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,199,644 shares. The stock had previously closed at $9.47.

Analysts Set New Price Targets

A number of research analysts have recently commented on GPRE shares. StockNews.com upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Stephens upgraded shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. Finally, Truist Financial decreased their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Trading Up 3.8 %

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. The business’s 50 day moving average price is $10.32 and its 200-day moving average price is $12.68. The company has a market cap of $647.79 million, a price-to-earnings ratio of -26.37, a PEG ratio of 0.73 and a beta of 1.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in shares of Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after buying an additional 646,507 shares in the last quarter. GAMMA Investing LLC raised its stake in Green Plains by 1,207.7% during the fourth quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company’s stock worth $133,000 after acquiring an additional 12,959 shares in the last quarter. Barclays PLC raised its stake in Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after acquiring an additional 59,564 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Green Plains in the 3rd quarter valued at $155,000. Finally, State Street Corp boosted its stake in shares of Green Plains by 2.9% in the 3rd quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after purchasing an additional 111,501 shares in the last quarter.

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.