Donald Smith & CO. Inc. Acquires 224,972 Shares of Green Plains Inc (NASDAQ:GPRE)

Donald Smith & CO. Inc. lifted its position in Green Plains Inc (NASDAQ:GPRE) by 66.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 565,613 shares of the specialty chemicals company’s stock after purchasing an additional 224,972 shares during the period. Donald Smith & CO. Inc. owned 1.59% of Green Plains worth $2,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Green Plains by 70.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,504 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 1,034 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Green Plains by 18.3% in the fourth quarter. Victory Capital Management Inc. now owns 7,227 shares of the specialty chemicals company’s stock valued at $112,000 after purchasing an additional 1,116 shares during the period. Aigen Investment Management LP purchased a new stake in Green Plains during the fourth quarter worth $122,000. NumerixS Investment Technologies Inc purchased a new stake in Green Plains during the fourth quarter worth $127,000. Finally, Fisher Asset Management LLC purchased a new stake in Green Plains during the first quarter worth $63,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

In other news, Director Ejnar A. Knudsen III purchased 30,000 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of $4.79 per share, for a total transaction of $143,700.00. Following the completion of the purchase, the director now directly owns 71,956 shares in the company, valued at approximately $344,669.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Mangrove Partners Master Fund, sold 9,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $4.23, for a total transaction of $38,070.00. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Several analysts have recently commented on the company. Jefferies Financial Group upgraded Green Plains from a “hold” rating to a “buy” rating and increased their price objective for the company from $7.00 to $16.00 in a report on Wednesday, May 20th. Roth Capital decreased their price objective on Green Plains from $18.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. ValuEngine lowered Green Plains from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 21st. Craig Hallum cut their target price on Green Plains from $20.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, BidaskClub downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Green Plains has an average rating of “Buy” and an average target price of $12.40.

Shares of NASDAQ:GPRE traded up $0.84 during trading on Tuesday, reaching $9.65. 34,983 shares of the company’s stock traded hands, compared to its average volume of 771,497. Green Plains Inc has a fifty-two week low of $3.77 and a fifty-two week high of $16.49. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.33. The firm has a market cap of $332.31 million, a PE ratio of -2.47 and a beta of 1.92. The company has a 50-day simple moving average of $5.79 and a 200-day simple moving average of $10.79.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Monday, May 4th. The specialty chemicals company reported ($1.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.87) by ($0.19). The company had revenue of $632.87 million during the quarter, compared to analysts’ expectations of $700.00 million. Green Plains had a negative net margin of 4.88% and a negative return on equity of 10.92%. On average, equities research analysts forecast that Green Plains Inc will post -1.45 EPS for the current year.

Green Plains Company Profile

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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

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