Famous billionaire Steven Cohen is bullish on Green Plains Inc. (NASDAQ:GPRE). According to a recently amended filing with the Securities and Exchange Commission, Cohen’s family office, Point72 Asset Management, has boosted its holding of the stock to 2.12 million shares from the 928,100 shares it reported in its latest 13F filing. The fund’s current stake amounts to 5.5% of the company’s common stock.
Green Plains Inc. (NASDAQ:GPRE) engages in the production and marketing of ethanol, a type of biofuel. The stock was in an uptrend for the biggest part of 2016, having ended the year up by 23%. The company has a market cap of $1.02 billion and pays an annual dividend of $0.48 per share, providing investors with a 1.83% yield. Analysts are recommending the stock mainly as a ‘Buy’ with a consensus price target of $27.80, which represents an upside potential of 4.9% given Friday’s closing price of $26.5 per share.
Hedge fund sentiment towards Green Plains Inc. (NASDAQ:GPRE) improved a bit during the 2016 third quarter, as the number of long positions rose to 22 at the end of September from 18 registered a quarter before. Together these funds held a little over 20% of the company’s common stock. Jason Karp‘s Tourbillon Capital Partners held the largest stake among the funds tracked by Insider Monkey, having indicated ownership of 3.6 million shares in its latest 13F filings. Not far behind was Gilchrist Berg‘s Water Street Capital, which reportedly held 1.4 million shares at the end of September.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Cubist Systematic Strategies||0||10,058||0||10,058||10,058||Less than 0.1%|
|Steven A. Cohen||0||2,121,615||0||2,121,615||2,121,615||5.5%|
Page 1 of 9 – SEC Filing
(Amendment No. )*
GREEN PLAINS INC.
Common Stock, Par Value $0.001 Per Share