Cannell & Spears LLC Has $398,000 Position in Green Plains Inc. (NASDAQ:GPRE)

Cannell & Spears LLC decreased its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,000 shares of the specialty chemicals company’s stock after selling 2,400 shares during the period. Cannell & Spears LLC’s holdings in Green Plains were worth $398,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC raised its holdings in shares of Green Plains by 4.1% in the 4th quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company’s stock worth $355,000 after acquiring an additional 1,488 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Green Plains by 28.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 2,503 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Green Plains by 433.3% in the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 2,717 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Green Plains by 4.7% in the fourth quarter. New York State Teachers Retirement System now owns 65,154 shares of the specialty chemicals company’s stock valued at $618,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Inspire Advisors LLC grew its holdings in Green Plains by 21.7% during the fourth quarter. Inspire Advisors LLC now owns 16,605 shares of the specialty chemicals company’s stock worth $157,000 after buying an additional 2,959 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GPRE shares. Truist Financial restated a “buy” rating and set a $12.00 price objective (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Jefferies Financial Group downgraded shares of Green Plains from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. UBS Group cut shares of Green Plains from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. Finally, BMO Capital Markets reduced their target price on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Green Plains currently has an average rating of “Hold” and a consensus price target of $18.89.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $4.85 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $6.47 and a two-hundred day simple moving average of $9.56. Green Plains Inc. has a 1-year low of $4.62 and a 1-year high of $24.04. The firm has a market cap of $313.94 million, a price-to-earnings ratio of -3.57 and a beta of 1.55.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the company posted $0.13 EPS. Analysts anticipate that Green Plains Inc. will post -0.5 earnings per share for the current year.

Green Plains 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.