Teacher Retirement System of Texas boosted its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK – Free Report) by 134.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,306 shares of the financial services provider’s stock after purchasing an additional 20,276 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Green Brick Partners worth $2,005,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of Green Brick Partners by 68.5% in the third quarter. BlackRock Inc. now owns 4,521,930 shares of the financial services provider’s stock valued at $96,679,000 after acquiring an additional 1,838,102 shares during the period. Vanguard Group Inc. increased its position in shares of Green Brick Partners by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,864,592 shares of the financial services provider’s stock valued at $36,843,000 after acquiring an additional 31,781 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Green Brick Partners by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,648,597 shares of the financial services provider’s stock valued at $32,578,000 after acquiring an additional 9,235 shares during the period. Orchard Capital Management LLC purchased a new position in shares of Green Brick Partners in the first quarter valued at about $13,056,000. Finally, State Street Corp increased its position in shares of Green Brick Partners by 29.3% in the third quarter. State Street Corp now owns 1,238,062 shares of the financial services provider’s stock valued at $26,470,000 after acquiring an additional 280,474 shares during the period. 78.24% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on GRBK shares. B. Riley cut shares of Green Brick Partners from a “buy” rating to a “neutral” rating in a research report on Monday, June 26th. They noted that the move was a valuation call. Wedbush reiterated a “neutral” rating and set a $40.00 price target on shares of Green Brick Partners in a research report on Thursday, August 3rd. Finally, StockNews.com started coverage on shares of Green Brick Partners in a research report on Thursday, August 17th. They set a “hold” rating on the stock.
Insiders Place Their Bets
In other news, Director David Einhorn sold 850,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $45.63, for a total value of $38,785,500.00. Following the transaction, the director now owns 8,767,648 shares in the company, valued at $400,067,778.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 44.40% of the company’s stock.
Green Brick Partners Price Performance
Shares of GRBK opened at $40.91 on Thursday. The stock has a market cap of $1.86 billion, a PE ratio of 7.11 and a beta of 1.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 7.66. Green Brick Partners, Inc. has a fifty-two week low of $19.52 and a fifty-two week high of $59.30. The firm’s 50-day simple moving average is $47.82 and its two-hundred day simple moving average is $47.10.
Green Brick Partners (NASDAQ:GRBK – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.36. The business had revenue of $456.29 million for the quarter, compared to analysts’ expectations of $439.78 million. Green Brick Partners had a net margin of 15.37% and a return on equity of 25.33%. Analysts anticipate that Green Brick Partners, Inc. will post 5.89 earnings per share for the current fiscal year.
Green Brick Partners Company Profile
Green Brick Partners, Inc is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida and has a non-controlling interest in a Colorado homebuilder, Challenger Homes, located in Colorado Springs. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.
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