Lorem Ipsum Management adds Pacific Ethanol Inc (PEIX) to its portfolio

Pacific Ethanol Inc (PEIX) : Lorem Ipsum Management added new position in Pacific Ethanol Inc during the most recent quarter end. The investment management firm now holds 50,000 shares of Pacific Ethanol Inc which is valued at $366,500 , the company said in a statement filed on Oct 11, 2016 with the SEC.Pacific Ethanol Inc makes up approximately 1.45% of Lorem Ipsum Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp reduced its stake in PEIX by selling 41,275 shares or 28.9% in the most recent quarter. The Hedge Fund company now holds 101,565 shares of PEIX which is valued at $744,471. Pacific Ethanol Inc makes up approx 0.05% of Cutler Group Lp’s portfolio. Simplex Trading sold out all of its stake in PEIX during the most recent quarter. The investment firm sold 1,659 shares of PEIX which is valued $11,878.Bnp Paribas Arbitrage Sa boosted its stake in PEIX in the latest quarter, The investment management firm added 1,006 additional shares and now holds a total of 3,298 shares of Pacific Ethanol Inc which is valued at $23,284.

Pacific Ethanol Inc closed down -0.15 points or -2.05% at $7.18 with 3,24,442 shares getting traded on Tuesday. Post opening the session at $7.34, the shares hit an intraday low of $7.11 and an intraday high of $7.41 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Pacific Ethanol Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.07. The company had revenue of $422.90 million for the quarter, compared to analysts expectations of $383.28 million. The company’s revenue was up 85.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Pacific Ethanol Inc. is a producer and marketer of low-carbon renewable fuels in the Western United States. The Company also sells ethanol co-products including wet distillers grain (WDG) a nutritious animal feed and corn oil. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline the Company provides transportation storage and delivery of ethanol through third-party service providers. The Company holds a 96% ownership interest in PE Op Co. the owner of four ethanol production facilities. The Company sells ethanol produced by the four production facilities and unrelated third parties to gasoline refining and distribution companies sells its WDG to dairy operators and animal feed distributors and sells its corn oil to poultry and biodiesel customers. The Company markets all the ethanol it sells through its subsidiary Kinergy Marketing LLC.

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