Millennium Management LLC Acquires 43,618 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Millennium Management LLC grew its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 1,306.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 46,956 shares of the financial services provider's stock after purchasing an additional 43,618 shares during the period. Millennium Management LLC owned about 0.11% of Green Brick Partners worth $2,653,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in Green Brick Partners during the 4th quarter worth approximately $57,000. Covestor Ltd increased its holdings in Green Brick Partners by 10,460.0% during the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock worth $90,000 after purchasing an additional 1,569 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Green Brick Partners by 207.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock worth $96,000 after buying an additional 1,149 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Green Brick Partners by 93.9% in the 4th quarter. KBC Group NV now owns 1,803 shares of the financial services provider's stock worth $102,000 after buying an additional 873 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Stock Performance

Green Brick Partners stock traded up $1.13 during trading on Wednesday, hitting $59.64. The stock had a trading volume of 197,689 shares, compared to its average volume of 366,438. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 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. The stock's 50 day moving average is $58.34 and its two-hundred day moving average is $60.17. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 7.75 and a beta of 1.94.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.67 EPS 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 previous year, the company posted $1.82 earnings per share. The firm's quarterly revenue was up 11.2% on a year-over-year basis. As a group, analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.