Louisiana State Employees Retirement System Has $424,000 Stock Holdings in Green Plains Inc. (NASDAQ:GPRE)

Louisiana State Employees Retirement System reduced its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,300 shares of the specialty chemicals company’s stock after selling 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Green Plains were worth $424,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wolf Hill Capital Management LP grew its stake in shares of Green Plains by 3,036.9% during the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after buying an additional 1,697,784 shares during the last quarter. Vanguard Group Inc. grew its position in Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock worth $107,771,000 after acquiring an additional 447,825 shares during the last quarter. Kailix Advisors LLC increased its holdings in Green Plains by 39.8% in the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after purchasing an additional 382,517 shares in the last quarter. Clifford Capital Partners LLC bought a new position in Green Plains in the first quarter valued at about $7,688,000. Finally, Lumbard & Kellner LLC acquired a new stake in shares of Green Plains during the second quarter valued at about $4,685,000.

Green Plains Price Performance

Shares of GPRE opened at $11.83 on Thursday. The business’s 50 day moving average price is $12.74 and its two-hundred day moving average price is $15.45. The firm has a market cap of $764.81 million, a PE ratio of -31.13 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. Green Plains Inc. has a 52-week low of $10.74 and a 52-week high of $28.50.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The company had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. Green Plains had a negative net margin of 0.79% and a negative return on equity of 4.81%. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. During the same period last year, the firm posted ($0.89) earnings per share. On average, equities analysts anticipate that Green Plains Inc. will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

GPRE has been the subject of several recent research reports. Craig Hallum lowered their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. BMO Capital Markets decreased their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. UBS Group cut their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Finally, Truist Financial decreased their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Green Plains currently has an average rating of “Moderate Buy” and an average price target of $25.50.

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.