Green Plains (GPRE) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a research report sent to investors on Friday.

A number of other brokerages have also recently issued reports on GPRE. BidaskClub raised shares of Green Plains from a strong sell rating to a sell rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of Green Plains from a hold rating to a strong sell rating in a report on Thursday, October 26th. Piper Jaffray Companies raised shares of Green Plains from a neutral rating to an overweight rating in a report on Friday, November 3rd. BMO Capital Markets reissued an outperform rating and set a $25.00 price objective (down from $30.00) on shares of Green Plains in a research note on Monday, November 6th. Finally, Roth Capital set a $25.00 price objective on shares of Green Plains and gave the stock a buy rating in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $25.33.

Green Plains (NASDAQ:GPRE) opened at $16.15 on Friday. Green Plains has a 1-year low of $15.60 and a 1-year high of $26.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.57 and a quick ratio of 0.70.

In other Green Plains news, Director Ejnar A. Knudsen III acquired 15,483 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was acquired at an average cost of $16.54 per share, with a total value of $256,088.82. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Wayne Hoovestol acquired 102,653 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $16.37 per share, with a total value of $1,680,429.61. Following the completion of the purchase, the director now owns 218,277 shares in the company, valued at $3,573,194.49. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 127,136 shares of company stock valued at $2,087,178. Corporate insiders own 6.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of GPRE. Public Employees Retirement System of Ohio increased its stake in shares of Green Plains by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock worth $156,000 after purchasing an additional 104 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Green Plains by 28.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,599 shares of the specialty chemicals company’s stock worth $218,000 after acquiring an additional 2,360 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Green Plains in the 3rd quarter worth approximately $329,000. Suntrust Banks Inc. grew its stake in Green Plains by 2.3% in the 2nd quarter. Suntrust Banks Inc. now owns 16,423 shares of the specialty chemicals company’s stock worth $337,000 after acquiring an additional 370 shares during the period. Finally, Stephens Inc. AR purchased a new stake in Green Plains in the 4th quarter worth approximately $391,000.

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About Green Plains

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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