Caxton Associates LP Trims Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Caxton Associates LP lowered its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 30.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,927 shares of the financial services provider's stock after selling 4,799 shares during the quarter. Caxton Associates LP's holdings in Green Brick Partners were worth $617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Green Brick Partners by 15.3% in the third quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock valued at $13,260,000 after purchasing an additional 21,012 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Green Brick Partners by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock valued at $22,462,000 after acquiring an additional 33,152 shares during the period. Raymond James Financial Inc. acquired a new stake in Green Brick Partners during the 4th quarter valued at $9,488,000. Proficio Capital Partners LLC acquired a new stake in shares of Green Brick Partners in the fourth quarter valued at approximately $1,152,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Green Brick Partners during the 4th quarter worth approximately $261,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Trading Up 2.8%

Shares of Green Brick Partners stock traded up $1.67 on Monday, hitting $61.72. 99,844 shares of the company's stock traded hands, compared to its average volume of 373,894. The company has a fifty day moving average of $58.04 and a two-hundred day moving average of $61.48. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 8.02 and a beta of 1.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share 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%. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 EPS. As a group, sell-side analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wedbush reiterated a "neutral" rating and set a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.

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.