Green Plains (NASDAQ:GPRE) Shares Up 3.8% – Here’s Why

Green Plains Inc. (NASDAQ:GPRE) rose 3.8% on Thursday . The stock traded as high as $10.29 and last traded at $10.02. Approximately 151,484 shares changed hands during trading, a decline of 87% from the average daily volume of 1,196,741 shares. The stock had previously closed at $9.65.

Wall Street Analyst Weigh In

GPRE has been the topic of several recent research reports. Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Stephens upgraded Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, StockNews.com upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The business has a 50 day moving average price of $10.32 and a 200 day moving average price of $12.68. The firm has a market capitalization of $639.58 million, a P/E ratio of -26.13, a price-to-earnings-growth ratio of 0.73 and a beta of 1.46.

Institutional Investors Weigh In On Green Plains

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its position in Green Plains by 2.9% during the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock worth $52,945,000 after buying an additional 111,501 shares in the last quarter. Wolf Hill Capital Management LP grew its position in 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 worth $31,633,000 after buying an additional 240,849 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Green Plains by 16.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after buying an additional 159,147 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Green Plains by 1,122.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after buying an additional 646,507 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Green Plains by 29.5% during the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock worth $7,530,000 after buying an additional 126,795 shares in the last quarter.

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.