CenterBook Partners LP Takes $4.52 Million Position in Green Plains, Inc. $GPRE

CenterBook Partners LP purchased a new stake in shares of Green Plains, Inc. (NASDAQ:GPRE) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 461,356 shares of the specialty chemicals company’s stock, valued at approximately $4,521,000. CenterBook Partners LP owned approximately 0.66% of Green Plains at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Green Plains by 6.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,936 shares of the specialty chemicals company’s stock valued at $175,000 after purchasing an additional 1,128 shares in the last quarter. Rhumbline Advisers grew its position in shares of Green Plains by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 100,159 shares of the specialty chemicals company’s stock valued at $604,000 after purchasing an additional 1,246 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Green Plains by 11.7% during the 4th quarter. ProShare Advisors LLC now owns 12,275 shares of the specialty chemicals company’s stock valued at $120,000 after purchasing an additional 1,290 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Green Plains by 8.5% during the 3rd quarter. Intech Investment Management LLC now owns 28,547 shares of the specialty chemicals company’s stock valued at $251,000 after purchasing an additional 2,245 shares in the last quarter. Finally, GF Fund Management CO. LTD. grew its position in shares of Green Plains by 13.2% during the 4th quarter. GF Fund Management CO. LTD. now owns 20,084 shares of the specialty chemicals company’s stock valued at $197,000 after purchasing an additional 2,341 shares in the last quarter.

Green Plains Stock Down 0.4%

Shares of NASDAQ:GPRE opened at $14.91 on Tuesday. Green Plains, Inc. has a 52-week low of $4.11 and a 52-week high of $18.94. The firm has a fifty day moving average of $16.17 and a 200 day moving average of $13.58. The firm has a market capitalization of $1.04 billion, a PE ratio of -45.18 and a beta of 1.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.27 and a current ratio of 1.71.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business earned ($1.14) earnings per share. The firm’s quarterly revenue was down 25.9% compared to the same quarter last year. As a group, research analysts anticipate that Green Plains, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GPRE shares. Zacks Research upgraded shares of Green Plains from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Green Plains from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Stephens upped their target price 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a research report on Tuesday, April 21st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $20.00 target price on shares of Green Plains in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.29.

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.