Future Fund LLC Has $3.39 Million Position in Green Plains, Inc. $GPRE

Future Fund LLC decreased its stake in Green Plains, Inc. (NASDAQ:GPRE) by 14.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,859 shares of the specialty chemicals company’s stock after selling 35,044 shares during the period. Green Plains accounts for about 1.2% of Future Fund LLC’s holdings, making the stock its 27th biggest holding. Future Fund LLC owned 0.29% of Green Plains worth $3,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hillsdale Investment Management Inc. bought a new stake in Green Plains in the first quarter valued at approximately $4,596,000. Inspire Investing LLC raised its holdings in Green Plains by 170.5% during the 1st quarter. Inspire Investing LLC now owns 130,133 shares of the specialty chemicals company’s stock worth $2,141,000 after purchasing an additional 82,016 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Green Plains by 155.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,114,743 shares of the specialty chemicals company’s stock worth $18,338,000 after purchasing an additional 678,515 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Green Plains by 72.9% during the 4th quarter. Hsbc Holdings PLC now owns 70,808 shares of the specialty chemicals company’s stock worth $691,000 after purchasing an additional 29,847 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Green Plains by 32.7% in the 4th quarter. Invesco Ltd. now owns 880,217 shares of the specialty chemicals company’s stock worth $8,626,000 after purchasing an additional 216,875 shares during the period.

Green Plains Price Performance

Green Plains stock opened at $19.23 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -58.27 and a beta of 1.19. Green Plains, Inc. has a 52-week low of $7.07 and a 52-week high of $19.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.27 and a current ratio of 1.71. The stock’s 50 day moving average price is $15.79 and its two-hundred day moving average price is $14.73.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.43. Green Plains had a negative net margin of 0.80% and a positive return on equity of 2.86%. The company had revenue of $445.80 million during the quarter, compared to analyst estimates of $532.53 million. During the same quarter in the previous year, the business posted ($1.14) EPS. Green Plains’s revenue for the quarter was down 25.9% compared to the same quarter last year. On average, equities analysts predict that Green Plains, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GPRE shares. Stephens upped their price objective on shares of Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Green Plains from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Oppenheimer restated an “outperform” rating and issued a $20.00 target price on shares of Green Plains in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Plains in a research report on Tuesday, April 21st. Finally, Zacks Research downgraded Green Plains from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Green Plains has an average rating of “Hold” and a consensus target price of $15.43.

Green Plains Company 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.