Illinois Municipal Retirement Fund Trims Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Illinois Municipal Retirement Fund trimmed its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 12.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,340 shares of the financial services provider’s stock after selling 2,012 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Green Brick Partners were worth $745,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Green Brick Partners by 10.1% in the third quarter. Vanguard Group Inc. now owns 2,166,373 shares of the financial services provider’s stock valued at $89,926,000 after buying an additional 199,471 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Green Brick Partners by 76.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock valued at $65,103,000 after buying an additional 543,450 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Green Brick Partners by 30.7% during the third quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider’s stock worth $17,553,000 after acquiring an additional 99,240 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Green Brick Partners by 155.2% during the third quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider’s stock worth $6,616,000 after acquiring an additional 96,923 shares during the period. Finally, Algert Global LLC increased its stake in shares of Green Brick Partners by 27.9% during the third quarter. Algert Global LLC now owns 157,114 shares of the financial services provider’s stock worth $6,522,000 after acquiring an additional 34,310 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Richard S. Press bought 1,000 shares of the stock in a transaction on Monday, March 11th. The shares were bought at an average cost of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the transaction, the director now owns 88,063 shares of the company’s stock, valued at approximately $4,565,185.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 44.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GRBK shares. StockNews.com lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th. Wedbush reiterated a “neutral” rating and set a $45.00 price target on shares of Green Brick Partners in a research note on Friday, March 1st. Finally, B. Riley boosted their price target on shares of Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th.

Green Brick Partners Trading Up 1.2 %

Shares of Green Brick Partners stock opened at $56.26 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 8.94 and a debt-to-equity ratio of 0.26. The company’s 50-day simple moving average is $55.85 and its 200-day simple moving average is $50.99. Green Brick Partners, Inc. has a 52-week low of $35.62 and a 52-week high of $61.62. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 9.16 and a beta of 1.71.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Friday, March 1st. The financial services provider reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.09). Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. The company had revenue of $450.38 million for the quarter, compared to analyst estimates of $478.10 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Green Brick Partners, Inc. will post 6.77 earnings per share for the current year.

About Green Brick Partners

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. 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.