Balyasny Asset Management L.P. Cuts Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Balyasny Asset Management L.P. reduced its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 88.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,888 shares of the financial services provider's stock after selling 38,510 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Green Brick Partners were worth $276,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in shares of Green Brick Partners by 26.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock worth $79,000 after buying an additional 289 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Green Brick Partners by 8.3% during the 4th 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 during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Green Brick Partners by 4.4% during the 4th 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 during the last quarter. Cavalier Investments LLC grew its holdings in shares of Green Brick Partners by 4.1% during the 4th quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider's stock valued at $683,000 after purchasing an additional 480 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Green Brick Partners by 4.3% during the 4th quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider's stock valued at $729,000 after purchasing an additional 528 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Stock Up 0.3%

Shares of NASDAQ GRBK traded up $0.18 during trading on Friday, hitting $59.13. The stock had a trading volume of 208,787 shares, compared to its average volume of 370,572. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month 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. The company has a market capitalization of $2.60 billion, a PE ratio of 7.68 and a beta of 1.94. The firm has a fifty day moving average of $58.34 and a two-hundred day moving average of $60.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 EPS. As a group, equities research analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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