Cubist Systematic Strategies LLC Acquires New Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Cubist Systematic Strategies LLC bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,352 shares of the financial services provider's stock, valued at approximately $1,489,000. Cubist Systematic Strategies LLC owned about 0.06% of Green Brick Partners as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers boosted its holdings in shares of Green Brick Partners by 73.7% during the fourth quarter. Cetera Investment Advisers now owns 4,246 shares of the financial services provider's stock worth $240,000 after acquiring an additional 1,801 shares during the period. Baird Financial Group Inc. lifted its holdings in Green Brick Partners by 20.7% during the 4th quarter. Baird Financial Group Inc. now owns 6,052 shares of the financial services provider's stock worth $342,000 after purchasing an additional 1,036 shares during the last quarter. Bank of America Corp DE boosted its stake in Green Brick Partners by 52.5% in the 4th quarter. Bank of America Corp DE now owns 89,055 shares of the financial services provider's stock valued at $5,031,000 after purchasing an additional 30,677 shares during the period. Ameriprise Financial Inc. grew its holdings in Green Brick Partners by 4.5% in the 4th quarter. Ameriprise Financial Inc. now owns 110,320 shares of the financial services provider's stock valued at $6,232,000 after buying an additional 4,746 shares in the last quarter. Finally, Algert Global LLC grew its holdings in Green Brick Partners by 15.3% in the 4th 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 in the last quarter. Institutional investors own 78.24% of the company's stock.

Analyst Ratings Changes

Separately, Wedbush restated a "neutral" rating and issued a $70.00 price target on shares of Green Brick Partners in a research note on Friday, February 28th.

Green Brick Partners Price Performance

Shares of GRBK traded up $1.23 during midday trading on Friday, hitting $63.01. The company's stock had a trading volume of 235,539 shares, compared to its average volume of 373,620. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 8.18 and a beta of 1.94. The company's fifty day simple moving average is $58.09 and its two-hundred day simple moving average is $61.30.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners's revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 earnings per share. As a group, equities analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

About Green Brick Partners

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.