Edgestream Partners L.P. Raises Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Edgestream Partners L.P. increased its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,170 shares of the financial services provider's stock after acquiring an additional 14,952 shares during the quarter. Edgestream Partners L.P. owned about 0.24% of Green Brick Partners worth $6,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its position in Green Brick Partners by 758.8% during the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after buying an additional 645 shares during the period. Covestor Ltd lifted its position in Green Brick Partners by 10,460.0% during the fourth quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after buying an additional 1,569 shares during the period. PNC Financial Services Group Inc. lifted its position in Green Brick Partners by 207.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after buying an additional 1,149 shares during the period. Byrne Asset Management LLC lifted its position in Green Brick Partners by 50.7% during the first quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock valued at $127,000 after buying an additional 730 shares during the period. Finally, GAMMA Investing LLC lifted its position in Green Brick Partners by 36.8% during 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. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Shares of Green Brick Partners stock traded up $0.17 during trading hours on Thursday, reaching $64.91. 191,781 shares of the stock traded hands, compared to its average volume of 328,044. The company has a 50 day moving average price of $61.76 and a 200 day moving average price of $59.55. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 8.43 and a beta of 1.85. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. 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 (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings data 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%. The company's revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 EPS. On average, equities research analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on Green Brick Partners in a research report on Monday, June 30th. They set a "neutral" rating and a $62.00 price objective for the company.

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.