Virtu Financial LLC Purchases Shares of 21,614 Green Plains Inc. (NASDAQ:GPRE)

Virtu Financial LLC acquired a new position in Green Plains Inc. (NASDAQ:GPRE) in the 4th quarter, HoldingsChannel reports. The firm acquired 21,614 shares of the specialty chemicals company’s stock, valued at approximately $205,000.

Other hedge funds also recently modified their holdings of the company. Intech Investment Management LLC boosted its position in Green Plains by 150.9% in the fourth quarter. Intech Investment Management LLC now owns 39,905 shares of the specialty chemicals company’s stock worth $378,000 after purchasing an additional 24,002 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Green Plains during the fourth quarter valued at about $1,483,000. Cibc World Markets Corp grew its position in Green Plains by 42.6% during the fourth quarter. Cibc World Markets Corp now owns 164,776 shares of the specialty chemicals company’s stock valued at $1,562,000 after buying an additional 49,201 shares during the period. Corient Private Wealth LLC purchased a new stake in Green Plains during the fourth quarter worth about $154,000. Finally, Monaco Asset Management SAM bought a new stake in Green Plains in the fourth quarter worth about $970,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GPRE. Truist Financial reissued a “buy” rating and set a $12.00 target price (down from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. Jefferies Financial Group lowered Green Plains from a “buy” rating to a “hold” rating and lowered their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. UBS Group lowered Green Plains from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.50 to $7.00 in a report on Tuesday, March 4th. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Finally, BMO Capital Markets reduced their target price on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.89.

Green Plains Price Performance

GPRE stock opened at $4.86 on Friday. The firm has a 50 day moving average of $6.68 and a 200-day moving average of $9.69. 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 firm has a market capitalization of $314.58 million, a P/E ratio of -3.57 and a beta of 1.55. Green Plains Inc. has a 12 month low of $4.74 and a 12 month high of $24.04.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, sell-side analysts predict that Green Plains Inc. will post -0.5 earnings per share for the current fiscal year.

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.