Grantham Mayo Van Otterloo & Co. LLC Has $49.76 Million Stock Holdings in Green Plains Inc. (NASDAQ:GPRE)

Grantham Mayo Van Otterloo & Co. LLC reduced its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 7.1% in the 4th quarter, Holdings Channel reports. The firm owned 5,249,273 shares of the specialty chemicals company’s stock after selling 401,021 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.08% of Green Plains worth $49,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of 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 last quarter. KBC Group NV boosted its stake in Green Plains by 120.7% in the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 3,320 shares in the last quarter. Cape Investment Advisory Inc. grew its position in Green Plains by 340.6% in the fourth quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock valued at $67,000 after acquiring an additional 5,450 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Green Plains by 28.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company’s stock worth $108,000 after acquiring an additional 2,503 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Green Plains in the fourth quarter worth about $117,000.

Green Plains Stock Performance

NASDAQ:GPRE opened at $4.09 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. Green Plains Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $23.76. The company has a 50 day simple moving average of $6.18 and a two-hundred day simple moving average of $9.43. The company has a market capitalization of $264.74 million, a PE ratio of -3.01 and a beta of 1.55.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same quarter in the prior year, the company posted $0.13 EPS. Research analysts anticipate that Green Plains Inc. will post -0.5 earnings per share for the current year.

Analysts Set New Price Targets

GPRE has been the topic of several research reports. Jefferies Financial Group lowered shares of Green Plains from a “buy” rating to a “hold” rating and decreased their price target for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. BMO Capital Markets lowered their price target on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. UBS Group lowered Green Plains from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Finally, 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 report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.89.

Green Plains Company Profile

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.