Bessemer Group Inc. cut its position in shares of Green Plains, Inc. (NASDAQ:GPRE) by 90.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 414,200 shares of the specialty chemicals company’s stock after selling 4,150,000 shares during the period. Bessemer Group Inc.’s holdings in Green Plains were worth $8,512,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. 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 worth $109,870,000 after buying an additional 4,429,295 shares during 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 worth $82,247,000 after buying an additional 1,682,049 shares during 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 worth $48,195,000 after buying an additional 468,205 shares during the last quarter. Precocity Capital LP purchased a new stake in shares of Green Plains during the first quarter worth about $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 worth $9,675,000 after buying an additional 377,600 shares during the last quarter.
Green Plains, Inc. (NASDAQ GPRE) opened at 19.10 on Friday. The firm has a market cap of $768.20 million, a price-to-earnings ratio of 111.70 and a beta of 1.42. Green Plains, Inc. has a 52 week low of $17.70 and a 52 week high of $29.85. The company has a 50-day moving average of $19.97 and a 200-day moving average of $22.54.
Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.29. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The firm had revenue of $886.30 million for the quarter, compared to the consensus estimate of $986.88 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts forecast that Green Plains, Inc. will post $0.50 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on GPRE shares. Zacks Investment Research raised shares of Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $32.00 target price on shares of Green Plains in a report on Tuesday, May 2nd.
BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Green Plains in a report on Wednesday, April 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $28.00 target price on shares of Green Plains in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.29.
In other Green Plains news, Director Alain Treuer sold 25,900 shares of Green Plains stock in a transaction dated Wednesday, June 21st. The shares were 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 $6,555,516.08. The sale was disclosed in a legal filing with the SEC. Also, Director James F. Crowley sold 2,000 shares of Green Plains stock in a transaction dated Thursday, May 25th.
The stock was sold at an average price of $21.92, for a total transaction of $43,840.00. Following the completion of the sale, the director now directly owns 23,209 shares in the company, valued at approximately $508,741.28. 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. Insiders own 6.40% of the company’s stock.
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