New Amsterdam Partners LLC NY boosted its position in shares of Green Plains, Inc. (NASDAQ:GPRE) by 17.9% during the second quarter, Holdings Channel reports. The fund owned 240,385 shares of the specialty chemicals company’s stock after buying an additional 36,544 shares during the period. New Amsterdam Partners LLC NY’s holdings in Green Plains were worth $4,940,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPRE. Karp Capital Management Corp purchased a new position in Green Plains during the first quarter worth approximately $249,000. AQR Capital Management LLC boosted its position in Green Plains by 46.8% in the fourth quarter. AQR Capital Management LLC now owns 23,377 shares of the specialty chemicals company’s stock worth $651,000 after buying an additional 7,454 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Green Plains by 102.5% in the first quarter. Point72 Asset Management L.P. now owns 3,323,106 shares of the specialty chemicals company’s stock worth $82,247,000 after buying an additional 1,682,049 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Green Plains by 2.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,032 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 190 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Green Plains by 89.8% in the first quarter. Russell Investments Group Ltd. now owns 87,684 shares of the specialty chemicals company’s stock worth $2,170,000 after buying an additional 41,479 shares during the last quarter.
Green Plains, Inc. (NASDAQ GPRE) opened at 18.95 on Friday. The firm’s 50-day moving average price is $19.50 and its 200-day moving average price is $22.32. The stock has a market cap of $786.12 million, a PE ratio of 110.82 and a beta of 1.42. Green Plains, Inc. has a 52 week low of $17.70 and a 52 week high of $29.85.
Green Plains (NASDAQ:GPRE) last posted its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.29. The company had revenue of $886.30 million for the quarter, compared to analysts’ expectations of $986.88 million. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Equities analysts predict that Green Plains, Inc. will post ($0.21) earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.thestockobserver.com/2017/08/12/green-plains-inc-gpre-shares-bought-by-new-amsterdam-partners-llc-ny.html.
GPRE has been the subject of a number of research analyst reports. Zacks Investment Research cut Green Plains from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Piper Jaffray Companies restated a “neutral” rating on shares of Green Plains in a research note on Wednesday, July 26th. BMO Capital Markets restated an “outperform” rating and issued a $30.00 target price on shares of Green Plains in a research note on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating and issued a $32.00 target price on shares of Green Plains in a research note on Tuesday, May 2nd. Finally, BidaskClub cut Green Plains from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.29.
In other Green Plains news, insider Todd A. Becker sold 5,600 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $23.29, for a total transaction of $130,424.00. Following the completion of the sale, the insider now owns 708,088 shares in the company, valued at $16,491,369.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alain Treuer sold 25,900 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $19.51, for a total value of $505,309.00. Following the sale, the director now owns 336,008 shares of the company’s stock, valued at approximately $6,555,516.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,903 shares of company stock valued at $1,932,599. 6.40% of the stock is owned by company insiders.
Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
Want to see what other hedge funds are holding GPRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Plains, Inc. (NASDAQ:GPRE).
Receive News & Ratings for Green Plains Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Inc. and related companies with MarketBeat.com's FREE daily email newsletter.