American Century Companies Inc. Increases Holdings in Green Brick Partners, Inc. $GRBK

American Century Companies Inc. grew its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,166 shares of the financial services provider’s stock after acquiring an additional 207 shares during the period. American Century Companies Inc. owned about 0.09% of Green Brick Partners worth $2,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in GRBK. The Manufacturers Life Insurance Company lifted its position in shares of Green Brick Partners by 1,342.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider’s stock valued at $16,365,000 after acquiring an additional 269,615 shares in the last quarter. Northern Trust Corp lifted its position in shares of Green Brick Partners by 6.1% in the fourth quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider’s stock valued at $19,526,000 after acquiring an additional 19,752 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Green Brick Partners by 103.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,700 shares of the financial services provider’s stock worth $322,000 after buying an additional 2,900 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Green Brick Partners by 484.2% in the fourth quarter. Jane Street Group LLC now owns 86,309 shares of the financial services provider’s stock worth $4,876,000 after buying an additional 71,535 shares in the last quarter. Finally, Algert Global LLC boosted its stake in Green Brick Partners by 15.3% during the fourth quarter. Algert Global LLC now owns 77,339 shares of the financial services provider’s stock valued at $4,369,000 after buying an additional 10,285 shares during the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, COO Jed Dolson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $68.76, for a total transaction of $1,031,400.00. Following the sale, the chief operating officer directly owned 258,605 shares in the company, valued at $17,781,679.80. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 29.70% of the stock is currently owned by company insiders.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $69.81 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66. The stock’s 50 day simple moving average is $66.07 and its two-hundred day simple moving average is $61.41. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 9.07 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same period in the prior year, the company posted $2.32 earnings per share. The company’s revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on Green Brick Partners in a research note on Monday, June 30th. They issued a “neutral” rating and a $62.00 price objective on the stock. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $66.00.

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.