HighTower Advisors LLC Has $416,000 Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

HighTower Advisors LLC lowered its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 80.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,978 shares of the financial services provider’s stock after selling 20,357 shares during the period. HighTower Advisors LLC’s holdings in Green Brick Partners were worth $416,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in Green Brick Partners in the 3rd quarter worth about $1,352,000. Empowered Funds LLC acquired a new position in shares of Green Brick Partners in the third quarter valued at approximately $4,065,000. Caxton Associates LP bought a new position in Green Brick Partners in the 2nd quarter valued at approximately $858,000. Principal Financial Group Inc. boosted its position in Green Brick Partners by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider’s stock worth $13,260,000 after buying an additional 21,012 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Green Brick Partners by 19.3% during 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 acquiring an additional 58,935 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Trading Up 1.7 %

Shares of GRBK stock opened at $57.63 on Friday. The stock has a 50-day moving average of $71.13 and a 200-day moving average of $70.12. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 7.48 and a beta of 1.80. Green Brick Partners, Inc. has a 1-year low of $48.38 and a 1-year high of $84.66.

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

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

About Green Brick Partners

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.