BlackRock Fund Advisors has recently announced that it has increased stake in Green Plains Inc. (NASDAQ:GPRE) by 2.22%. After grabbing 7.78 million shares, the institutional investor is now in possession of 0.17 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 13.13% having worth around $265.98 million. Moreover, Franklin Mutual Advisers LLC increased its share by 0.79 million to have a control over 4.5 million shares. And The Vanguard Group, Inc. raised its holdings to 53432.0 shares by acquiring 4.15 million shares or 6.99% of the stake.
Green Plains Inc. (GPRE) concluded trading on 05/25/23 at a closing price of $31.17, with 0.92 million shares of worth about $28.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.55% during that period and on Thursday the price saw a loss of about -2.99%. Currently the company’s common shares owned by public are about 58.55M shares, out of which, 57.33M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the GPRE stock and their offered price forecasts bring an average price target of $42.80. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $55.00 and could fall to a lowest price of $31.00. The stock’s current price level is 27.7% above of average price target set by the analysts, while a rise to estimated low would result in loss of -0.55% for the stock. However, touching the estimated high of $55.00 would mean a gain of 43.33% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 30 times over the past 12 months. They bought 316,584 shares in 16 of the transactions. In 14 selling transactions, insiders dumped 156,307 shares.
iShares Core S&P Small Cap ETF, Franklin Small Cap Value Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Green Plains Inc. iShares Core S&P Small Cap ETF is currently holding 3.66 million shares of worth totaling $124.91 million. The company recently came buying 0.0 shares which brought its stake up to 6.17% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 1.74 million shares, have now control over 2.94% of the stake in the company. It holds 990.0 shares of worth $59.61 million.
Green Plains Inc. (NASDAQ: GPRE) started trading at $31.78, below -$0.35 from concluding price of the previous day. However, the stock later moved at a day high price of 31.85, or with a loss of -2.99%. Stock saw a price change of 1.93% in past 5 days and over the past one month there was a price change of -5.40%. Year-to-date (YTD), GPRE shares are showing a performance of 2.20% which decreased to -3.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.33 but also hit the highest price of $41.25 during that period. The average intraday trading volume for Green Plains Inc. shares is 888.44K. The stock is currently trading -1.81% below its 20-day simple moving average (SMA20), while that difference is down -1.71% for SMA50 and it goes to -3.80% lower than SMA200.
BlackRock Fund Advisors acquired 7.78 million shares of Green Plains Inc. having value of about $265.98 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.17 million shares in the company valued at close to $5274712.08, or have control over 2.22% stake in the company. Green Plains Inc. (NASDAQ: GPRE) currently have 58.55M outstanding shares and institutions hold larger chunk of about 114.82% of that. Holding of mutual funds in the company is about 53.17% while other institutional holders and individual stake holders have control over 61.40% and 22.85% of the stake respectively.
The stock has a current market capitalization of $1.83B and its 3Y-monthly beta is at 1.73. It has posted earnings per share of -$2.44 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GPRE, volatility over the week remained 4.06% while standing at 4.17% over the month.
Analysts are in expectations that Green Plains Inc. (GPRE) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is $0.17 and it is $2.17 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.34 which is $0.31 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.73 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -61.90% while it is estimated to increase by 395.80% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of -53.25% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Green Plains Inc. (GPRE)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 10 Wall Street analysts, 8 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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