Deutsche Bank AG Boosts Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Deutsche Bank AG raised its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 41.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,672 shares of the financial services provider's stock after purchasing an additional 9,348 shares during the period. Deutsche Bank AG owned 0.07% of Green Brick Partners worth $1,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its stake 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Green Brick Partners during the 4th quarter worth approximately $57,000. Nisa Investment Advisors LLC boosted its position in shares of 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 acquiring an additional 289 shares during the last quarter. Covestor Ltd grew its holdings in shares of Green Brick Partners by 10,460.0% in the fourth quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 1,569 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Green Brick Partners by 207.8% in 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 purchasing an additional 1,149 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Trading Up 1.0%

GRBK traded up $0.57 on Thursday, hitting $58.82. The company had a trading volume of 230,756 shares, compared to its average volume of 370,236. The business's fifty day simple moving average is $58.38 and its 200 day simple moving average is $60.48. 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, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66. The company has a market cap of $2.58 billion, a PE ratio of 7.64 and a beta of 1.94.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its 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%. During the same period in the prior year, the company posted $1.82 EPS. The company's revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analysts Set New Price Targets

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

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.