Green Plains (NASDAQ:GPRE) Hits New 12-Month Low – Here’s What Happened

Green Plains Inc. (NASDAQ:GPRE)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.96 and last traded at $9.03, with a volume of 20611 shares changing hands. The stock had previously closed at $9.13.

Analyst Upgrades and Downgrades

GPRE has been the topic of a number of research reports. Stephens raised shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. Truist Financial lowered 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. Finally, StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Stock Up 0.9 %

The firm has a 50-day moving average of $11.04 and a two-hundred day moving average of $13.35. The firm has a market cap of $595.44 million, a price-to-earnings ratio of -24.24 and a beta of 1.44. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.

Hedge Funds Weigh In On Green Plains

A number of institutional investors and hedge funds have recently bought and sold shares of GPRE. Kailix Advisors LLC increased its holdings in shares of Green Plains by 39.8% during 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 during the period. Lumbard & Kellner LLC bought a new stake in shares of Green Plains in the 2nd quarter worth approximately $4,685,000. American Century Companies Inc. grew its holdings in shares of Green Plains by 287.6% during the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock worth $5,275,000 after purchasing an additional 246,773 shares in the last quarter. Wolf Hill Capital Management LP increased its position in shares of Green Plains by 13.7% during the second quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after purchasing an additional 240,849 shares during the period. Finally, Clifford Capital Partners LLC lifted its position in Green Plains by 53.7% in the second quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company’s stock worth $8,105,000 after purchasing an additional 178,484 shares during the period.

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.