Thomist Capital Management LP acquired a new position in shares of Green Plains, Inc. (NASDAQ:GPRE – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 1,270,612 shares of the specialty chemicals company’s stock, valued at approximately $19,542,000. Green Plains makes up 6.2% of Thomist Capital Management LP’s investment portfolio, making the stock its 5th biggest position.
A number of other large investors have also recently made changes to their positions in GPRE. BlackRock Inc. acquired a new position in shares of Green Plains in the 2nd quarter valued at $156,703,000. Vanguard Group Inc. lifted its position in Green Plains by 15.9% during the 4th quarter. Vanguard Group Inc. now owns 4,696,401 shares of the specialty chemicals company’s stock worth $46,025,000 after acquiring an additional 645,170 shares during the period. State Street Corp lifted its position in Green Plains by 3.4% during the 4th quarter. State Street Corp now owns 2,629,815 shares of the specialty chemicals company’s stock worth $25,772,000 after acquiring an additional 85,982 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Green Plains by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,187,541 shares of the specialty chemicals company’s stock valued at $21,438,000 after purchasing an additional 10,237 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Green Plains by 112.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock valued at $17,873,000 after purchasing an additional 966,069 shares during the last quarter.
Green Plains Price Performance
NASDAQ:GPRE opened at $14.97 on Tuesday. The firm’s fifty day moving average is $16.04 and its two-hundred day moving average is $15.71. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 9.42 and a beta of 1.17. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99. Green Plains, Inc. has a one year low of $8.65 and a one year high of $19.65.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on GPRE. Oppenheimer restated an “outperform” rating and issued a $20.00 price objective on shares of Green Plains in a research note on Friday, May 8th. Zacks Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Stephens raised their price target on shares of Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a research note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.43.
View Our Latest Stock Analysis on Green Plains
Green Plains Profile
Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.
Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.
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