Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,320 shares of the financial services provider's stock after buying an additional 4,746 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.25% of Green Brick Partners worth $6,232,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GRBK. Nisa Investment Advisors LLC increased its position in Green Brick Partners by 26.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 289 shares during the period. Bank of Montreal Can boosted its stake in shares of Green Brick Partners by 8.3% during the fourth quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 310 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Green Brick Partners by 4.4% during the fourth quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 400 shares in the last quarter. Cavalier Investments LLC increased its holdings in Green Brick Partners by 4.1% during the fourth quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider's stock valued at $683,000 after buying an additional 480 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Green Brick Partners by 4.3% in the fourth quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider's stock worth $729,000 after buying an additional 528 shares in the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Green Brick Partners Stock Up 2.1%

Green Brick Partners stock traded up $1.24 during trading hours on Tuesday, reaching $60.33. The stock had a trading volume of 273,258 shares, compared to its average volume of 370,829. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 7.83 and a beta of 1.94. The business's 50 day moving average price is $58.34 and its 200-day moving average price is $60.59. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $84.66. 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 (NASDAQ:GRBK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 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%. During the same quarter in the previous year, the firm posted $1.82 EPS. Green Brick Partners's quarterly revenue was up 11.2% compared to the same quarter last year. Sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Green Brick Partners 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.