Nomura Holdings Inc. Trims Position in Green Plains Inc. (NASDAQ:GPRE)

Nomura Holdings Inc. trimmed its holdings in Green Plains Inc. (NASDAQ:GPRE) by 46.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,106 shares of the specialty chemicals company’s stock after selling 29,892 shares during the period. Nomura Holdings Inc. owned 0.05% of Green Plains worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nuveen Asset Management LLC raised its stake in shares of Green Plains by 54.0% during the fourth quarter. Nuveen Asset Management LLC now owns 234,548 shares of the specialty chemicals company’s stock worth $2,224,000 after purchasing an additional 82,235 shares during the last quarter. Maven Securities LTD purchased a new stake in shares of Green Plains during the fourth quarter worth approximately $142,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Green Plains by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company’s stock worth $346,000 after purchasing an additional 1,596 shares during the last quarter. J. Goldman & Co LP purchased a new stake in shares of Green Plains during the fourth quarter worth approximately $1,762,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Green Plains during the fourth quarter worth approximately $2,807,000.

Green Plains Trading Up 1.4%

Shares of Green Plains stock opened at $4.43 on Friday. Green Plains Inc. has a 12-month low of $3.14 and a 12-month high of $19.58. 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 market cap of $289.72 million, a PE ratio of -3.26 and a beta of 1.19. The company has a 50-day moving average of $4.25 and a two-hundred day moving average of $7.32.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.37). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. The firm had revenue of $601.52 million during the quarter, compared to analysts’ expectations of $605.62 million. During the same quarter in the prior year, the business earned ($0.81) EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on GPRE shares. Jefferies Financial Group cut shares of Green Plains from a “buy” rating to a “hold” rating and cut their price target for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th. Truist Financial reiterated a “buy” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. UBS Group cut Green Plains from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. BMO Capital Markets cut their price objective on Green Plains from $8.00 to $7.00 and set a “market perform” rating for the company in a research report on Monday, May 12th. Finally, Wall Street Zen cut Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Green Plains currently has a consensus rating of “Hold” and a consensus price target of $11.93.

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.