Algert Global LLC Increases Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Algert Global LLC boosted its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 44.3% during the 3rd quarter, Holdings Channel reports. The firm owned 67,054 shares of the financial services provider’s stock after buying an additional 20,599 shares during the quarter. Algert Global LLC’s holdings in Green Brick Partners were worth $5,600,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Citigroup Inc. lifted its stake in Green Brick Partners by 56.8% in the 3rd quarter. Citigroup Inc. now owns 59,318 shares of the financial services provider’s stock worth $4,954,000 after purchasing an additional 21,478 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Green Brick Partners by 19.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,472 shares of the financial services provider’s stock worth $30,441,000 after purchasing an additional 58,935 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Green Brick Partners in the 3rd quarter worth about $769,000. Swiss National Bank increased its holdings in shares of Green Brick Partners by 6.1% in the 3rd quarter. Swiss National Bank now owns 65,800 shares of the financial services provider’s stock worth $5,496,000 after buying an additional 3,800 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Green Brick Partners by 15.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 24,110 shares of the financial services provider’s stock worth $2,014,000 after buying an additional 3,222 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Wall Street Analysts Forecast Growth

GRBK has been the topic of a number of research reports. B. Riley boosted their target price on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wedbush restated a “neutral” rating and issued a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Stock Performance

Shares of NASDAQ:GRBK opened at $70.67 on Friday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 9.18 and a beta of 1.83. Green Brick Partners, Inc. has a 12 month low of $46.61 and a 12 month high of $84.66. The firm’s 50-day moving average is $76.54 and its 200 day moving average is $68.53. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.09). The firm had revenue of $523.70 million for the quarter, compared to the consensus estimate of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 earnings per share. Research analysts predict that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Green Brick Partners Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.