Charles Schwab Investment Management Inc. Has $25.58 Million Stake in Green Brick Partners, Inc. $GRBK

Key Points

• Charles Schwab Investment Management Inc. raised its stake in Green Brick Partners by 10.3%, now owning approximately $25.58 million worth of the company's stock.
• Major institutional investors significantly increased their holdings in Green Brick Partners, with Sterling Capital Management expanding its stake by 758.8%.
• Green Brick Partners reported earnings of $1.85 per share for the last quarter, missing estimates by $0.09 and showing a 2.1% year-over-year revenue decline.

Charles Schwab Investment Management Inc. increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 10.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 438,707 shares of the financial services provider's stock after purchasing an additional 41,083 shares during the period. Charles Schwab Investment Management Inc. owned about 1.00% of Green Brick Partners worth $25,581,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in shares of Green Brick Partners by 758.8% during the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock worth $41,000 after purchasing an additional 645 shares during the period. Byrne Asset Management LLC increased its stake in Green Brick Partners by 50.7% in the first quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 730 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Green Brick Partners by 36.8% in the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after buying an additional 646 shares during the period. CWM LLC boosted its holdings in shares of Green Brick Partners by 13.5% in the first quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock valued at $172,000 after buying an additional 352 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in Green Brick Partners during the first quarter worth $201,000. Institutional investors and hedge funds own 78.24% of the company's stock.

Insiders Place Their Bets

In related news, COO Jed Dolson sold 20,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $66.76, for a total transaction of $1,335,200.00. Following the completion of the transaction, the chief operating officer owned 273,605 shares in the company, valued at approximately $18,265,869.80. This represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 29.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of Green Brick Partners in a report on Monday, June 30th. They set a "neutral" rating and a $62.00 target price for the company. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $66.00.

Green Brick Partners Stock Down 2.9%

NASDAQ:GRBK opened at $67.19 on Thursday. The firm's 50 day simple moving average is $64.71 and its 200 day simple moving average is $60.88. 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. The company has a market cap of $2.93 billion, a PE ratio of 8.73 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.32 EPS. On average, research analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share 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.

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