California State Teachers Retirement System Lowers Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

California State Teachers Retirement System cut its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,024 shares of the financial services provider’s stock after selling 663 shares during the period. California State Teachers Retirement System owned approximately 0.07% of Green Brick Partners worth $1,753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can boosted its position in Green Brick Partners by 8.3% during the fourth quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 310 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Green Brick Partners by 4.4% during the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider’s stock worth $531,000 after buying an additional 400 shares during the period. Cavalier Investments LLC lifted its position in shares of Green Brick Partners by 4.1% during the 4th quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider’s stock valued at $683,000 after buying an additional 480 shares in the last quarter. New York State Teachers Retirement System grew its stake in Green Brick Partners by 4.3% in the 4th quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 528 shares during the period. Finally, Sterling Capital Management LLC grew its stake in Green Brick Partners by 758.8% in the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 645 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.

Green Brick Partners Price Performance

NASDAQ:GRBK opened at $58.79 on Friday. The stock has a 50 day moving average of $58.37 and a two-hundred day moving average of $59.99. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The firm has a market cap of $2.58 billion, a P/E ratio of 7.63 and a beta of 1.86. 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, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same period in the previous year, the firm earned $1.82 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. On average, analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Green Brick Partners Company 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.