Los Angeles Capital Management LLC Boosts Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Los Angeles Capital Management LLC grew its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 23.4% during the third quarter, Holdings Channel.com reports. The fund owned 36,487 shares of the financial services provider’s stock after acquiring an additional 6,929 shares during the period. Los Angeles Capital Management LLC’s holdings in Green Brick Partners were worth $3,047,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Green Brick Partners by 34.1% in the first quarter. BNP Paribas Financial Markets now owns 25,193 shares of the financial services provider’s stock valued at $1,517,000 after buying an additional 6,400 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Green Brick Partners by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 22,240 shares of the financial services provider’s stock valued at $1,340,000 after acquiring an additional 288 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Green Brick Partners by 14.7% during the first quarter. Illinois Municipal Retirement Fund now owns 16,442 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 2,102 shares during the period. ProShare Advisors LLC lifted its position in shares of Green Brick Partners by 7.4% during the first quarter. ProShare Advisors LLC now owns 5,245 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 363 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in shares of Green Brick Partners during the first quarter worth about $242,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analysts Forecast Growth

GRBK has been the topic of several recent research reports. Wedbush reaffirmed a “neutral” rating and set a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th. B. Riley boosted their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd.

Green Brick Partners Price Performance

GRBK stock opened at $69.16 on Wednesday. The business’s 50-day moving average is $77.44 and its two-hundred day moving average is $67.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The firm has a market capitalization of $3.08 billion, a P/E ratio of 8.98 and a beta of 1.83. Green Brick Partners, Inc. has a 1 year low of $43.72 and a 1 year high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. During the same period last year, the business earned $1.56 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. Analysts anticipate that Green Brick Partners, Inc. will post 8.24 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.