PharVision Advisers LLC Takes $312,000 Position in Green Plains Inc. (NASDAQ:GPRE)

PharVision Advisers LLC purchased a new position in shares of Green Plains Inc. (NASDAQ:GPRE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,906 shares of the specialty chemicals company’s stock, valued at approximately $312,000. PharVision Advisers LLC owned about 0.05% of Green Plains as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in GPRE. SG Americas Securities LLC lifted its position in shares of Green Plains by 4.1% during the 4th quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock worth $355,000 after buying an additional 1,488 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Green Plains by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company’s stock valued at $346,000 after acquiring an additional 1,596 shares during the last quarter. Diametric Capital LP lifted its holdings in Green Plains by 11.6% during the fourth quarter. Diametric Capital LP now owns 22,890 shares of the specialty chemicals company’s stock worth $217,000 after acquiring an additional 2,388 shares during the period. Pictet Asset Management Holding SA boosted its position in Green Plains by 28.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 2,503 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 2,717 shares during the period.

Analyst Upgrades and Downgrades

GPRE has been the topic of a number of recent analyst reports. Jefferies Financial Group cut Green Plains from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Truist Financial reiterated a “buy” rating and issued a $12.00 target price (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. BMO Capital Markets decreased their price target on shares of Green Plains from $8.00 to $7.00 and set a “market perform” rating for the company in a research note on Monday, May 12th. Finally, Bank of America downgraded Green Plains from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.00 to $4.50 in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.93.

Green Plains Stock Down 7.2%

Shares of NASDAQ GPRE opened at $4.37 on Thursday. The business has a 50-day simple moving average of $4.28 and a two-hundred day simple moving average of $7.38. Green Plains Inc. has a 52 week low of $3.14 and a 52 week high of $19.80. The company has a market cap of $285.79 million, a P/E ratio of -3.21 and a beta of 1.19. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.37). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. The firm had revenue of $601.52 million for the quarter, compared to analysts’ expectations of $605.62 million. During the same period in the prior year, the firm posted ($0.81) EPS. Green Plains’s revenue was up .7% on a year-over-year basis. Research analysts anticipate that Green Plains Inc. will post -0.5 earnings per share for the current fiscal year.

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.