Teacher Retirement System of Texas Has $285,000 Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Teacher Retirement System of Texas trimmed its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 54.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,880 shares of the financial services provider’s stock after selling 5,910 shares during the period. Teacher Retirement System of Texas’ holdings in Green Brick Partners were worth $285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GRBK. Sterling Capital Management LLC increased its position 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 in the last quarter. Covestor Ltd grew its position in shares of Green Brick Partners by 10,460.0% during the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider’s stock worth $90,000 after buying an additional 1,569 shares during the period. PNC Financial Services Group Inc. grew its holdings in Green Brick Partners by 207.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 1,149 shares during the period. Byrne Asset Management LLC grew its holdings in Green Brick Partners by 50.7% during the first quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 730 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Green Brick Partners by 36.8% during the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 646 shares during the period. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Stock Performance

NASDAQ GRBK opened at $63.59 on Friday. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66. The firm has a market capitalization of $2.79 billion, a P/E ratio of 8.26 and a beta of 1.85. The firm’s fifty day moving average price is $61.92 and its two-hundred day moving average price is $59.68. 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 released its quarterly earnings data 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 net margin of 17.70% and a return on equity of 25.35%. During the same quarter last year, the company earned $1.82 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. As a group, research analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on shares of Green Brick Partners in a research note on Monday, June 30th. They issued a “neutral” rating and a $62.00 price target on the stock.

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.