New York State Common Retirement Fund Has $1.62 Million Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

New York State Common Retirement Fund raised its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 30.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,720 shares of the financial services provider's stock after purchasing an additional 6,400 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Green Brick Partners worth $1,616,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cerity Partners LLC raised its holdings in shares of Green Brick Partners by 68.2% in the 1st quarter. Cerity Partners LLC now owns 10,175 shares of the financial services provider's stock worth $593,000 after purchasing an additional 4,127 shares during the period. Alps Advisors Inc. increased its stake in shares of Green Brick Partners by 38.4% in the first quarter. Alps Advisors Inc. now owns 6,191 shares of the financial services provider's stock worth $361,000 after buying an additional 1,718 shares during the last quarter. Trek Financial LLC bought a new stake in shares of Green Brick Partners in the 1st quarter valued at approximately $329,000. Envestnet Asset Management Inc. boosted its position in Green Brick Partners by 25.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,598 shares of the financial services provider's stock valued at $910,000 after purchasing an additional 3,129 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Green Brick Partners by 3.3% in the first quarter. Principal Financial Group Inc. now owns 170,135 shares of the financial services provider's stock valued at $9,921,000 after buying an additional 5,375 shares during the period. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Green Brick Partners Stock Performance

Shares of GRBK stock traded up $0.68 during mid-day trading on Friday, reaching $66.15. The stock had a trading volume of 191,516 shares, compared to its average volume of 292,019. The firm's 50 day simple moving average is $62.20 and its 200 day simple moving average is $59.93. 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 one year low of $50.57 and a one year high of $84.66. The firm has a market cap of $2.91 billion, a PE ratio of 8.59 and a beta of 1.85.

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

Green Brick Partners Company 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.