Billionaire Steven Cohen’s Point72 Increases Stake In Green Plains Inc. (GPRE)

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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.


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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
Point7 0 2,111,557 0 2,111,557 2,111,557 5.5%
Point7 0 2,111,557 0 2,111,557 2,111,557 5.5%
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%

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Page 1 of 9 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. )*


(Name of Issuer)

Common Stock, Par Value $0.001 Per Share

(Title of Class of Securities)
(CUSIP Number)
January 5, 2017
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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