Green Plains (NASDAQ:GPRE) Shares Up 6.8% – Here’s What Happened

Shares of Green Plains Inc. (NASDAQ:GPRE) traded up 6.8% on Tuesday . The company traded as high as $9.53 and last traded at $9.52. 189,430 shares were traded during trading, a decline of 83% from the average session volume of 1,108,323 shares. The stock had previously closed at $8.91.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Truist Financial cut their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Stephens upgraded Green Plains to a “hold” rating in a research note on Monday, December 2nd. Finally, StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Green Plains has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Stock Up 6.4 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $10.76 and a 200-day simple moving average of $13.09. The stock has a market capitalization of $612.89 million, a price-to-earnings ratio of -24.95 and a beta of 1.44.

Hedge Funds Weigh In On Green Plains

Several institutional investors have recently added to or reduced their stakes in GPRE. State Street Corp increased its holdings in shares of Green Plains by 2.9% during the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock worth $52,945,000 after buying an additional 111,501 shares in the last quarter. Wolf Hill Capital Management LP grew its position in Green Plains by 13.7% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock worth $31,633,000 after acquiring an additional 240,849 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Green Plains by 3.6% during the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock valued at $29,669,000 after purchasing an additional 65,637 shares in the last quarter. Kailix Advisors LLC raised its position in Green Plains by 39.8% in the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after purchasing an additional 382,517 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Green Plains by 16.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after purchasing an additional 159,147 shares in the last quarter.

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.