Bank of Montreal Can Boosts Stake in Green Plains, Inc. (NASDAQ:GPRE)

Bank of Montreal Can increased its stake in Green Plains, Inc. (NASDAQ:GPRE) by 1,157.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 279,281 shares of the specialty chemicals company’s stock after buying an additional 257,065 shares during the period. Bank of Montreal Can owned 0.70% of Green Plains worth $5,739,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GPRE. Capstone Asset Management Co. raised its stake in shares of Green Plains by 0.4% in the second quarter. Capstone Asset Management Co. now owns 15,513 shares of the specialty chemicals company’s stock valued at $319,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Green Plains by 0.5% in the first quarter. Arizona State Retirement System now owns 18,497 shares of the specialty chemicals company’s stock valued at $458,000 after buying an additional 100 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Green Plains by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,752 shares of the specialty chemicals company’s stock valued at $105,000 after buying an additional 110 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Green Plains by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock valued at $202,000 after buying an additional 160 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Green Plains by 2.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,032 shares of the specialty chemicals company’s stock valued at $224,000 after buying an additional 190 shares during the last quarter.

Green Plains, Inc. (NASDAQ GPRE) traded down 0.52% on Friday, reaching $18.95. 575,079 shares of the company were exchanged. The firm has a 50-day moving average of $19.50 and a 200 day moving average of $22.32. The firm has a market capitalization of $786.12 million, a P/E ratio of 110.82 and a beta of 1.42. Green Plains, Inc. has a 12-month low of $17.70 and a 12-month high of $29.85.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.29. The firm had revenue of $886.30 million during the quarter, compared to analysts’ expectations of $986.88 million. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. On average, equities analysts predict that Green Plains, Inc. will post ($0.21) earnings per share for the current year.

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Several brokerages have recently issued reports on GPRE. Piper Jaffray Companies restated a “hold” rating and set a $19.00 price target on shares of Green Plains in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Green Plains from a “strong sell” rating to a “hold” rating and set a $29.00 price objective for the company in a research note on Thursday, May 4th. ValuEngine lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Roth Capital set a $27.00 price objective on shares of Green Plains and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.29.

In other news, Director James F. Crowley sold 2,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $21.92, for a total value of $43,840.00. Following the completion of the sale, the director now directly owns 23,209 shares of the company’s stock, valued at $508,741.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Todd A. Becker sold 5,600 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $23.29, for a total transaction of $130,424.00. Following the completion of the sale, the insider now directly owns 708,088 shares of the company’s stock, valued at $16,491,369.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,903 shares of company stock valued at $1,932,599. Corporate insiders own 6.40% of the company’s stock.

About Green Plains

Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.

Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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