Citigroup Inc. Buys 331,326 Shares of Green Plains, Inc. $GPRE

Citigroup Inc. lifted its stake in Green Plains, Inc. (NASDAQ:GPRE) by 263.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 457,280 shares of the specialty chemicals company’s stock after buying an additional 331,326 shares during the period. Citigroup Inc.’s holdings in Green Plains were worth $4,019,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Green Plains by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,051,231 shares of the specialty chemicals company’s stock valued at $35,610,000 after acquiring an additional 99,242 shares in the last quarter. Kailix Advisors LLC increased its position in shares of Green Plains by 41.4% during the third quarter. Kailix Advisors LLC now owns 1,155,323 shares of the specialty chemicals company’s stock valued at $10,155,000 after purchasing an additional 338,000 shares during the period. AlphaQuest LLC raised its stake in shares of Green Plains by 174.9% in the third quarter. AlphaQuest LLC now owns 24,688 shares of the specialty chemicals company’s stock valued at $217,000 after purchasing an additional 15,707 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Green Plains in the third quarter worth $936,000. Finally, CWM LLC boosted its stake in Green Plains by 15.6% during the third quarter. CWM LLC now owns 15,435 shares of the specialty chemicals company’s stock worth $136,000 after buying an additional 2,083 shares in the last quarter.

Green Plains Price Performance

NASDAQ:GPRE opened at $15.18 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.06 billion, a PE ratio of -8.03, a price-to-earnings-growth ratio of 0.68 and a beta of 1.46. Green Plains, Inc. has a 12 month low of $3.14 and a 12 month high of $15.64. The company’s 50-day moving average price is $12.19 and its two-hundred day moving average price is $10.74.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. The company had revenue of $428.85 million during the quarter, compared to analysts’ expectations of $536.56 million. Green Plains had a negative net margin of 5.80% and a negative return on equity of 8.70%. Green Plains’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.86) earnings per share. On average, equities analysts anticipate that Green Plains, Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GPRE. Stephens upgraded shares of Green Plains from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $17.00 in a research note on Monday, February 9th. Oppenheimer upped their target price on shares of Green Plains from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Zacks Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Roth Mkm downgraded Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Thursday, November 6th. Finally, BMO Capital Markets upped their price objective on Green Plains from $12.00 to $14.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.25.

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.