Kailix Advisors LLC Has $15.47 Million Stake in Green Plains Inc. (NASDAQ:GPRE)

Kailix Advisors LLC decreased its position in Green Plains Inc. (NASDAQ:GPRE) by 15.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,142,375 shares of the specialty chemicals company’s stock after selling 200,894 shares during the quarter. Green Plains comprises about 13.0% of Kailix Advisors LLC’s portfolio, making the stock its 5th largest holding. Kailix Advisors LLC’s holdings in Green Plains were worth $15,468,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after acquiring an additional 447,825 shares in the last quarter. Wolf Hill Capital Management LP grew its stake in Green Plains by 13.7% in 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 in the last quarter. William Blair Investment Management LLC increased its position in shares of Green Plains by 3.6% during the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock worth $29,669,000 after purchasing an additional 65,637 shares during the last quarter. Masters Capital Management LLC raised its stake in shares of Green Plains by 40.0% during the 1st quarter. Masters Capital Management LLC now owns 700,000 shares of the specialty chemicals company’s stock worth $16,184,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Green Plains by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 517,415 shares of the specialty chemicals company’s stock valued at $8,206,000 after buying an additional 32,666 shares during the last quarter.

Green Plains Stock Performance

GPRE opened at $11.37 on Friday. 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 fifty day simple moving average of $12.63 and a 200 day simple moving average of $15.30. Green Plains Inc. has a 1 year low of $10.74 and a 1 year high of $28.50. The company has a market capitalization of $734.75 million, a PE ratio of -29.91 and a beta of 1.53.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Craig Hallum cut their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. UBS Group lowered their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. Oppenheimer cut Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets decreased their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.