New York State Teachers Retirement System lifted its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK – Free Report) by 11.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,761 shares of the financial services provider’s stock after acquiring an additional 1,652 shares during the period. New York State Teachers Retirement System’s holdings in Green Brick Partners were worth $895,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its stake 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 worth $96,679,000 after acquiring an additional 1,838,102 shares during the period. Vanguard Group Inc. boosted its stake 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 worth $36,843,000 after acquiring an additional 31,781 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 worth $32,578,000 after acquiring an additional 9,235 shares during the period. Orchard Capital Management LLC bought a new position in shares of Green Brick Partners in the first quarter worth about $13,056,000. Finally, State Street Corp boosted its stake in Green Brick Partners by 29.3% during 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 buying an additional 280,474 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.
Green Brick Partners Trading Up 1.4 %
Shares of GRBK stock opened at $39.40 on Wednesday. Green Brick Partners, Inc. has a 1 year low of $19.53 and a 1 year high of $59.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 8.04 and a quick ratio of 1.49. The stock’s 50 day simple moving average is $43.92 and its two-hundred day simple moving average is $47.81. The company has a market cap of $1.79 billion, a PE ratio of 6.85 and a beta of 1.65.
Insider Buying and Selling at Green Brick Partners
In other Green Brick Partners news, Director David Einhorn sold 850,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $45.63, for a total transaction of $38,785,500.00. Following the sale, the director now directly owns 8,767,648 shares in the company, valued at $400,067,778.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 44.40% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on GRBK shares. Wedbush reissued a “neutral” rating and set a $40.00 price target on shares of Green Brick Partners in a research note on Thursday, August 3rd. StockNews.com started coverage on Green Brick Partners in a research note on Thursday, October 5th. They set a “hold” rating for the company.
View Our Latest Research Report on Green Brick Partners
About Green Brick Partners
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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