Green Brick Partners, Inc. $GRBK Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services reduced its Green Brick Partners stake by 20.5% in the second quarter, selling 112,687 shares and retaining 437,049 shares worth approximately $35.0 million.
• Institutional investors and hedge funds own 78.24% of GRBK, with several firms—including Dimensional Fund Advisors and Northwestern Mutual Wealth Management—recently increasing their positions.
• Green Brick Partners reported quarterly EPS of $1.70, beating estimates of $1.39, although revenue declined 10.1% year over year. Analysts maintain an average “Hold” rating, while the stock recently traded at $71.73.

Annex Advisory Services LLC reduced its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 20.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 437,049 shares of the financial services provider's stock after selling 112,687 shares during the period. Annex Advisory Services LLC owned approximately 1.01% of Green Brick Partners worth $34,981,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Green Brick Partners by 451,033.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 464,667 shares of the financial services provider's stock worth $29,116,000 after buying an additional 464,564 shares during the period. Boston Partners acquired a new position in Green Brick Partners in the 3rd quarter valued at about $13,883,000. Dimensional Fund Advisors LP increased its position in Green Brick Partners by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider's stock valued at $113,529,000 after acquiring an additional 104,774 shares during the period. Norges Bank purchased a new stake in Green Brick Partners during the 4th quarter valued at approximately $5,352,000. Finally, Millennium Management LLC lifted its position in Green Brick Partners by 959.2% during the 3rd quarter. Millennium Management LLC now owns 70,286 shares of the financial services provider's stock worth $5,191,000 after acquiring an additional 63,650 shares during the period. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Stock Up 1.7%

Green Brick Partners stock opened at $71.73 on Wednesday. The stock's 50 day moving average price is $73.35 and its 200 day moving average price is $70.52. Green Brick Partners, Inc. has a 1-year low of $60.44 and a 1-year high of $83.18. The company has a market cap of $3.09 billion, a PE ratio of 9.32 and a beta of 1.79. 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 released its earnings results on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same period in the prior year, the company earned $1.85 earnings per share. The company's quarterly revenue was down 10.1% compared to the same quarter last year. On average, sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Citizens Jmp reiterated a "market perform" rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Green Brick Partners has an average rating of "Hold".

Green Brick Partners Profile

Green Brick Partners, Inc NASDAQ: GRBK is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.

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