Clearline Capital LP Trims Stock Holdings in Green Plains Inc. (NASDAQ:GPRE)

Clearline Capital LP lowered its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 80.6% in the third quarter, Holdings Channel reports. The institutional investor owned 26,797 shares of the specialty chemicals company’s stock after selling 111,167 shares during the quarter. Clearline Capital LP’s holdings in Green Plains were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after acquiring an additional 447,825 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Green Plains by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 35,380 shares of the specialty chemicals company’s stock valued at $818,000 after buying an additional 2,184 shares during the last quarter. California State Teachers Retirement System raised its stake in Green Plains by 6.1% during the first quarter. California State Teachers Retirement System now owns 60,799 shares of the specialty chemicals company’s stock valued at $1,406,000 after buying an additional 3,504 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Green Plains by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock worth $515,000 after buying an additional 700 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Green Plains by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 517,415 shares of the specialty chemicals company’s stock worth $8,206,000 after acquiring an additional 32,666 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Craig Hallum dropped their price target on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets reduced their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. UBS Group lowered their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Truist Financial cut their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Stock Down 0.2 %

GPRE opened at $10.80 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. Green Plains Inc. has a 12 month low of $10.36 and a 12 month high of $28.50. The stock’s 50 day moving average price is $11.97 and its 200 day moving average price is $14.27. The stock has a market cap of $698.22 million, a P/E ratio of -28.42 and a beta of 1.53.

Green Plains 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.