Wellington Management Group LLP Has $9.31 Million Position in Green Plains Inc. (NASDAQ:GPRE)

Wellington Management Group LLP lessened its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 72.2% during the 4th quarter, HoldingsChannel reports. The firm owned 369,158 shares of the specialty chemicals company’s stock after selling 957,913 shares during the quarter. Wellington Management Group LLP’s holdings in Green Plains were worth $9,310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Deutsche Bank AG raised its stake in Green Plains by 25.1% during the 3rd quarter. Deutsche Bank AG now owns 33,806 shares of the specialty chemicals company’s stock valued at $1,018,000 after purchasing an additional 6,776 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Green Plains by 10.7% during the third quarter. Invesco Ltd. now owns 694,727 shares of the specialty chemicals company’s stock valued at $20,911,000 after acquiring an additional 66,966 shares during the period. Algert Global LLC bought a new position in Green Plains in the third quarter valued at about $848,000. Seven Eight Capital LP acquired a new stake in Green Plains in the third quarter worth about $246,000. Finally, iA Global Asset Management Inc. bought a new stake in Green Plains during the 3rd quarter worth about $164,000.

Analyst Ratings Changes

Several brokerages recently weighed in on GPRE. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, May 6th. UBS Group reduced their price target on Green Plains from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Stephens reiterated an “equal weight” rating and issued a $24.00 price objective on shares of Green Plains in a report on Tuesday, May 7th. BMO Capital Markets reduced their target price on Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday, May 6th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Green Plains has a consensus rating of “Moderate Buy” and an average price target of $30.38.

Green Plains Price Performance

Shares of GPRE opened at $16.60 on Friday. The stock has a 50 day simple moving average of $18.35 and a 200 day simple moving average of $21.15. Green Plains Inc. has a 52-week low of $14.40 and a 52-week high of $36.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. The firm has a market capitalization of $1.07 billion, a PE ratio of -13.49 and a beta of 1.50.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.48). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The company had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same period in the prior year, the company earned ($1.20) EPS. The firm’s revenue was down 28.3% on a year-over-year basis. Sell-side analysts predict that Green Plains Inc. will post -0.24 EPS 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.