Green Plains Inc. (NASDAQ:GPRE) Shares Sold by Kailix Advisors LLC

Kailix Advisors LLC cut its position in Green Plains Inc. (NASDAQ:GPRE) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,142,375 shares of the specialty chemicals company’s stock after selling 200,894 shares during the period. Green Plains accounts for about 13.0% of Kailix Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Kailix Advisors LLC owned 1.77% of Green Plains worth $15,468,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GPRE. New York State Teachers Retirement System grew its holdings in shares of Green Plains by 2.3% during the third quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company’s stock worth $843,000 after purchasing an additional 1,400 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Green Plains in the third quarter worth about $153,000. Inspire Advisors LLC acquired a new position in shares of Green Plains during the third quarter worth approximately $185,000. nVerses Capital LLC bought a new stake in shares of Green Plains during the third quarter valued at approximately $65,000. Finally, Inspire Investing LLC increased its holdings in shares of Green Plains by 39.2% in the third quarter. Inspire Investing LLC now owns 33,087 shares of the specialty chemicals company’s stock valued at $448,000 after purchasing an additional 9,325 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group reduced their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. Truist Financial decreased 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. Craig Hallum cut their target price on shares of 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 objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Finally, Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Performance

Shares of GPRE stock opened at $11.37 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. Green Plains Inc. has a 52 week low of $10.74 and a 52 week high of $28.50. The company’s 50 day moving average price is $12.63 and its two-hundred day moving average price is $15.30. The company has a market capitalization of $734.75 million, a P/E ratio of -29.91 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.