Green Brick Partners, Inc. $GRBK Shares Sold by Citigroup Inc.

Citigroup Inc. lessened its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 21.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 43,756 shares of the financial services provider’s stock after selling 11,746 shares during the period. Citigroup Inc. owned about 0.10% of Green Brick Partners worth $3,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in shares of Green Brick Partners by 4.9% during the second quarter. Ameritas Investment Partners Inc. now owns 3,233 shares of the financial services provider’s stock worth $203,000 after buying an additional 152 shares during the period. MTM Investment Management LLC lifted its stake in Green Brick Partners by 1.0% during the 3rd quarter. MTM Investment Management LLC now owns 16,603 shares of the financial services provider’s stock worth $1,226,000 after acquiring an additional 164 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Green Brick Partners by 40.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 593 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 172 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Green Brick Partners by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,069 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 189 shares during the period. Finally, PFG Advisors grew its position in Green Brick Partners by 2.4% in the 2nd quarter. PFG Advisors now owns 8,441 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Green Brick Partners Trading Down 2.3%

Shares of NASDAQ:GRBK opened at $70.16 on Friday. The company has a market cap of $3.03 billion, a PE ratio of 9.11 and a beta of 1.99. The company’s 50 day moving average is $72.06 and its two-hundred day moving average is $69.30. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $80.97. 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 posted its earnings results on Wednesday, February 25th. The financial services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same period last year, the firm earned $2.31 EPS. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. Equities analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, BTIG Research started coverage on shares of Green Brick Partners in a research note on Monday, December 1st. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Green Brick Partners has an average rating of “Hold” and an average target price of $62.00.

About Green Brick Partners

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.