Green Plains Inc. (NASDAQ:GPRE) is Highland Peak Capital LLC’s 10th Largest Position

Highland Peak Capital LLC boosted its stake in Green Plains Inc. (NASDAQ:GPRE) by 48.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 319,465 shares of the specialty chemicals company’s stock after purchasing an additional 103,725 shares during the quarter. Green Plains comprises approximately 1.8% of Highland Peak Capital LLC’s holdings, making the stock its 10th largest holding. Highland Peak Capital LLC owned 0.49% of Green Plains worth $5,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Broad Bay Capital Management LP increased its stake in Green Plains by 17.6% during the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after acquiring an additional 352,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in Green Plains by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock valued at $106,266,000 after buying an additional 53,320 shares during the period. Masters Capital Management LLC lifted its position in Green Plains by 25.0% in the fourth quarter. Masters Capital Management LLC now owns 500,000 shares of the specialty chemicals company’s stock worth $12,610,000 after buying an additional 100,000 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in Green Plains by 73.4% during the fourth quarter. Rafferty Asset Management LLC now owns 167,954 shares of the specialty chemicals company’s stock worth $4,236,000 after buying an additional 71,099 shares during the period. Finally, Clifford Capital Partners LLC purchased a new stake in shares of Green Plains in the first quarter valued at $7,688,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Oppenheimer lowered shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Truist Financial reaffirmed a “buy” rating and set a $25.00 price objective (down previously from $30.00) on shares of Green Plains in a research report on Monday, August 5th. UBS Group cut their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. Finally, Craig Hallum decreased their price target on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.28.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $12.88 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11. The firm’s 50 day simple moving average is $14.86 and its 200-day simple moving average is $17.80. Green Plains Inc. has a 12 month low of $11.63 and a 12 month high of $33.75. The stock has a market capitalization of $832.29 million, a price-to-earnings ratio of -10.47 and a beta of 1.53.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The firm had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The firm’s quarterly revenue was down 27.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.89) EPS. Analysts expect that Green Plains Inc. will post -0.95 EPS for the current year.

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.