Cerity Partners LLC Has $593,000 Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Cerity Partners LLC boosted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 68.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,175 shares of the financial services provider's stock after buying an additional 4,127 shares during the quarter. Cerity Partners LLC's holdings in Green Brick Partners were worth $593,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in Green Brick Partners by 6.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider's stock valued at $31,932,000 after acquiring an additional 36,239 shares during the period. Annex Advisory Services LLC lifted its stake in shares of Green Brick Partners by 72.8% in the first quarter. Annex Advisory Services LLC now owns 469,955 shares of the financial services provider's stock valued at $27,403,000 after buying an additional 198,024 shares during the period. Northern Trust Corp lifted its stake in shares of Green Brick Partners by 6.1% in the fourth quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock valued at $19,526,000 after buying an additional 19,752 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Green Brick Partners by 1,342.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock worth $16,365,000 after purchasing an additional 269,615 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Green Brick Partners by 1.7% during the first quarter. Harbor Capital Advisors Inc. now owns 224,209 shares of the financial services provider's stock worth $13,074,000 after purchasing an additional 3,687 shares during the period. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock traded up $0.67 during midday trading on Monday, reaching $66.82. The company had a trading volume of 245,527 shares, compared to its average volume of 291,690. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 8.68 and a beta of 1.85. The stock has a fifty day simple moving average of $62.35 and a 200 day simple moving average of $60.16. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66.

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

Analyst Ratings Changes

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

About Green Brick Partners

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.