Green Brick Partners (NASDAQ:GRBK) Sees Large Volume Increase

Shares of Green Brick Partners, Inc. (NASDAQ:GRBKGet Rating) saw unusually-high trading volume on Monday . Approximately 12,510 shares traded hands during trading, a decline of 98% from the previous session’s volume of 550,195 shares.The stock last traded at $23.89 and had previously closed at $23.92.

Analysts Set New Price Targets

GRBK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Green Brick Partners from $21.00 to $17.50 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. B. Riley downgraded shares of Green Brick Partners from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $23.00 in a research report on Thursday, June 16th. Finally, StockNews.com initiated coverage on shares of Green Brick Partners in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $24.50.

Green Brick Partners Trading Up 2.5 %

The firm has a market capitalization of $1.16 billion, a PE ratio of 5.42 and a beta of 1.47. The company has a quick ratio of 0.60, a current ratio of 6.03 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $21.72 and its 200 day simple moving average is $22.05.

Green Brick Partners (NASDAQ:GRBKGet Rating) last announced its earnings results on Tuesday, May 3rd. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.35. Green Brick Partners had a net margin of 14.46% and a return on equity of 27.96%. The business had revenue of $393.62 million during the quarter, compared to analysts’ expectations of $326.82 million. During the same period in the prior year, the company earned $0.51 earnings per share. On average, sell-side analysts predict that Green Brick Partners, Inc. will post 4.93 earnings per share for the current year.

Institutional Trading of Green Brick Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRBK. Advisor Group Holdings Inc. raised its position in shares of Green Brick Partners by 27.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,490 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 540 shares during the period. Rice Hall James & Associates LLC raised its position in shares of Green Brick Partners by 0.3% during the 1st quarter. Rice Hall James & Associates LLC now owns 169,125 shares of the financial services provider’s stock valued at $3,342,000 after purchasing an additional 581 shares during the period. Byrne Asset Management LLC raised its position in shares of Green Brick Partners by 72.6% during the 1st quarter. Byrne Asset Management LLC now owns 1,807 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 760 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Green Brick Partners by 7.3% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 15,334 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 1,037 shares during the period. Finally, Point72 Hong Kong Ltd raised its position in shares of Green Brick Partners by 86.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 3,182 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,474 shares during the period. 83.70% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Company Profile

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Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities.

Further Reading

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