Green Plains (NASDAQ:GPRE) Trading Down 4.9% – Here’s What Happened

Green Plains Inc. (NASDAQ:GPRE)’s stock price fell 4.9% during trading on Tuesday . The stock traded as low as $9.72 and last traded at $9.76. 252,122 shares changed hands during trading, a decline of 81% from the average session volume of 1,360,721 shares. The stock had previously closed at $10.26.

Analyst Upgrades and Downgrades

GPRE has been the subject of a number of analyst reports. Truist Financial dropped their target price on shares of 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 report on Monday, December 2nd. Finally, StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Green Plains has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Trading Up 2.9 %

The stock’s fifty day moving average price is $10.18 and its 200 day moving average price is $12.51. The stock has a market cap of $614.82 million, a P/E ratio of -25.03, a PEG ratio of 1.27 and a beta of 1.46. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.

Hedge Funds Weigh In On Green Plains

Several institutional investors and hedge funds have recently modified their holdings of GPRE. Assenagon Asset Management S.A. increased its holdings in shares of Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after purchasing an additional 646,507 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Green Plains by 287.6% during the second quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock valued at $5,275,000 after buying an additional 246,773 shares during the last quarter. Clifford Capital Partners LLC increased its holdings in Green Plains by 53.7% in the 2nd quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company’s stock worth $8,105,000 after buying an additional 178,484 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Green Plains by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after buying an additional 159,147 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in Green Plains by 29.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock worth $7,530,000 after buying an additional 126,795 shares during 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.