Public Employees Retirement System of Ohio Cuts Position in Green Plains, Inc. (GPRE)

Public Employees Retirement System of Ohio cut its position in shares of Green Plains, Inc. (NASDAQ:GPRE) by 2.8% during the first quarter, Holdings Channel reports. The institutional investor owned 7,508 shares of the specialty chemicals company’s stock after selling 219 shares during the period. Public Employees Retirement System of Ohio’s holdings in Green Plains were worth $186,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Green Plains by 44,650.2% in the first quarter. BlackRock Inc. now owns 4,439,215 shares of the specialty chemicals company’s stock valued at $109,870,000 after buying an additional 4,429,295 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Green Plains by 102.5% in the first quarter. Point72 Asset Management L.P. now owns 3,323,106 shares of the specialty chemicals company’s stock valued at $82,247,000 after buying an additional 1,682,049 shares in the last quarter. State Street Corp boosted its stake in shares of Green Plains by 31.7% in the first quarter. State Street Corp now owns 1,947,171 shares of the specialty chemicals company’s stock valued at $48,195,000 after buying an additional 468,205 shares in the last quarter. Precocity Capital LP bought a new stake in shares of Green Plains during the first quarter valued at $9,900,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Green Plains by 2,839.1% in the first quarter. Canada Pension Plan Investment Board now owns 390,900 shares of the specialty chemicals company’s stock valued at $9,675,000 after buying an additional 377,600 shares in the last quarter.

Shares of Green Plains, Inc. (NASDAQ GPRE) traded down 0.79% on Thursday, hitting $18.90. The stock had a trading volume of 188,956 shares. The stock has a market capitalization of $784.05 million, a P/E ratio of 110.53 and a beta of 1.42. The firm has a 50-day moving average price of $19.51 and a 200-day moving average price of $22.37. Green Plains, Inc. has a 52 week low of $17.70 and a 52 week high of $29.85.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.29. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The firm had revenue of $886.30 million during the quarter, compared to the consensus estimate of $986.88 million. During the same period in the previous year, the firm earned $0.21 EPS. The business’s revenue was down .2% compared to the same quarter last year. Equities analysts expect that Green Plains, Inc. will post ($0.21) earnings per share for the current fiscal year.

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GPRE has been the topic of several analyst reports. Zacks Investment Research cut Green Plains from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. BMO Capital Markets reiterated an “outperform” rating and set a $30.00 price target on shares of Green Plains in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $32.00 price target on shares of Green Plains in a research report on Tuesday, May 2nd. BidaskClub cut Green Plains from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $28.00 price target on shares of Green Plains in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Green Plains has an average rating of “Hold” and an average target price of $27.29.

In other Green Plains news, Director Alain Treuer sold 25,900 shares of Green Plains stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $19.51, for a total value of $505,309.00. Following the sale, the director now owns 336,008 shares of the company’s stock, valued at approximately $6,555,516.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey S. Briggs sold 39,902 shares of Green Plains stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $23.00, for a total value of $917,746.00. Following the completion of the sale, the chief operating officer now directly owns 212,954 shares in the company, valued at approximately $4,897,942. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,903 shares of company stock worth $1,932,599. Corporate insiders own 6.40% of the company’s stock.

Green Plains Company Profile

Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.

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Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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