Green Plains Partners (NASDAQ:GPP) Downgraded by Zacks Investment Research to “Hold”

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Zacks Investment Research downgraded shares of Green Plains Partners (NASDAQ:GPP) from a buy rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “

Several other research firms have also recently weighed in on GPP. BidaskClub cut Xperi from a sell rating to a strong sell rating in a research note on Wednesday, June 19th. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Green Plains Partners has a consensus rating of Hold and a consensus target price of $17.20.

GPP stock traded down $0.04 during trading on Wednesday, hitting $14.28. 36,000 shares of the company’s stock were exchanged, compared to its average volume of 34,157. The firm’s 50-day moving average price is $14.02. The firm has a market capitalization of $332.71 million, a PE ratio of 8.98 and a beta of 0.50. Green Plains Partners has a 52-week low of $13.30 and a 52-week high of $16.85.

Green Plains Partners (NASDAQ:GPP) last posted its earnings results on Wednesday, May 8th. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.14. The firm had revenue of $21.09 million during the quarter, compared to analysts’ expectations of $22.33 million. Green Plains Partners had a negative return on equity of 71.28% and a net margin of 54.78%. Equities research analysts predict that Green Plains Partners will post 1.47 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPP. Citigroup Inc. increased its position in Green Plains Partners by 323.3% during the fourth quarter. Citigroup Inc. now owns 5,503 shares of the transportation company’s stock worth $75,000 after buying an additional 4,203 shares during the period. Barclays PLC acquired a new position in Green Plains Partners during the fourth quarter worth approximately $118,000. GSA Capital Partners LLP increased its position in Green Plains Partners by 13.1% during the fourth quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock worth $161,000 after buying an additional 1,377 shares during the period. Nwam LLC increased its position in Green Plains Partners by 9.4% during the first quarter. Nwam LLC now owns 25,280 shares of the transportation company’s stock worth $400,000 after buying an additional 2,180 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Green Plains Partners by 20.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 46,455 shares of the transportation company’s stock worth $630,000 after buying an additional 8,017 shares during the period. 15.89% of the stock is currently owned by institutional investors.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.

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