Hsbc Holdings PLC Purchases New Holdings in Green Plains Inc. (NASDAQ:GPRE)

Hsbc Holdings PLC acquired a new position in shares of Green Plains Inc. (NASDAQ:GPRE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 149,569 shares of the specialty chemicals company’s stock, valued at approximately $1,389,000.

Several other large investors also recently added to or reduced their stakes in GPRE. Barclays PLC grew its holdings in shares of Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock valued at $1,935,000 after buying an additional 59,564 shares in the last quarter. GAMMA Investing LLC boosted its position in Green Plains by 1,207.7% during the 4th 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 during the period. Assenagon Asset Management S.A. grew its stake in Green Plains by 1,122.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after acquiring an additional 646,507 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Green Plains by 4.1% in the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock worth $355,000 after purchasing an additional 1,488 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Green Plains by 39.8% during the fourth quarter. Inspire Investing LLC now owns 46,241 shares of the specialty chemicals company’s stock worth $438,000 after purchasing an additional 13,154 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GPRE. BMO Capital Markets cut their target price on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, February 10th. Truist Financial reissued a “buy” rating and set a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Bank of America lowered Green Plains from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $4.50 in a research report on Tuesday, April 15th. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Finally, UBS Group downgraded Green Plains from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $20.50 to $7.00 in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Green Plains presently has a consensus rating of “Hold” and an average target price of $16.50.

Green Plains Stock Up 3.3 %

GPRE opened at $3.81 on Friday. The firm has a market cap of $258.65 million, a P/E ratio of -2.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. The business has a 50 day moving average price of $4.54 and a 200 day moving average price of $8.02. Green Plains Inc. has a twelve month low of $3.14 and a twelve month high of $20.82.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same quarter in the prior year, the company earned $0.13 EPS. Research analysts forecast that Green Plains Inc. will post -0.5 EPS for the current 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.