Odyssean LLC Purchases 19,869 Shares of Green Brick Partners, Inc. $GRBK

Key Points

• Odyssean LLC nearly doubled its Green Brick Partners stake in the second quarter, purchasing 19,869 additional shares to hold 41,180 shares worth approximately $3.3 million. Institutional investors and hedge funds collectively own 78.24% of the company.
• Green Brick Partners reported quarterly EPS of $1.70, beating analyst expectations of $1.39, although revenue declined 10.1% year over year. Analysts maintain a “Hold” consensus rating.
• GRBK shares opened at $71.24, with a market capitalization of approximately $3.06 billion and a price-to-earnings ratio of 9.25; the stock has traded between $60.44 and $83.18 over the past year.

Odyssean LLC raised its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 93.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,180 shares of the financial services provider's stock after buying an additional 19,869 shares during the period. Green Brick Partners comprises 0.5% of Odyssean LLC's portfolio, making the stock its 17th biggest position. Odyssean LLC owned about 0.10% of Green Brick Partners worth $3,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GRBK. BlackRock Inc. acquired a new stake in Green Brick Partners during the 2nd quarter valued at $389,594,000. Northwestern Mutual Wealth Management Co. grew its holdings 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 purchasing an additional 464,564 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Green Brick Partners in the second quarter valued at $27,857,000. Bank of New York Mellon Corp acquired a new stake in shares of Green Brick Partners in the second quarter valued at $16,702,000. Finally, Boston Partners bought a new position in shares of Green Brick Partners in the third quarter valued at about $13,883,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Green Brick Partners Stock Up 0.6%

NASDAQ:GRBK opened at $71.24 on Friday. The stock's fifty day moving average price is $72.79 and its two-hundred day moving average price is $70.33. Green Brick Partners, Inc. has a 52-week low of $60.44 and a 52-week high of $83.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 9.25 and a beta of 1.80.

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 the consensus estimate of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.Green Brick Partners's revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 earnings per share. On average, analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Green Brick Partners Company 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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