Quantbot Technologies LP Sells 22,322 Shares of Green Brick Partners, Inc. $GRBK

Key Points

• Quantbot Technologies LP trimmed its stake in Green Brick Partners by 51.2% in Q3, selling 22,322 shares and retaining 21,282 shares valued at about $1.57 million per its SEC filing.
• Other institutions moved in the quarter — Ranger Investment Management more than doubled its position to 117,030 shares, while JPMorgan and Annex Advisory also increased holdings — and institutional investors now own 78.24% of the company.
• Green Brick reported $1.78 EPS (beating estimates) but revenue fell 2.6% year-over-year; the stock trades near $70 with a P/E of 9.11 and a MarketBeat consensus rating of Hold with a $62 target.

Quantbot Technologies LP trimmed its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 51.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,282 shares of the financial services provider's stock after selling 22,322 shares during the quarter. Quantbot Technologies LP's holdings in Green Brick Partners were worth $1,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GRBK. Ranger Investment Management L.P. boosted its position in shares of Green Brick Partners by 101.0% during the third quarter. Ranger Investment Management L.P. now owns 117,030 shares of the financial services provider's stock worth $8,644,000 after acquiring an additional 58,815 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Green Brick Partners in the 3rd quarter worth $2,975,000. JPMorgan Chase & Co. boosted its holdings in shares of Green Brick Partners by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 232,290 shares of the financial services provider's stock valued at $17,157,000 after purchasing an additional 34,433 shares during the last quarter. Annex Advisory Services LLC grew its position in shares of Green Brick Partners by 6.3% during the third quarter. Annex Advisory Services LLC now owns 580,724 shares of the financial services provider's stock valued at $42,892,000 after purchasing an additional 34,297 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its holdings in shares of Green Brick Partners by 19.8% in the second quarter. Brandywine Global Investment Management LLC now owns 194,397 shares of the financial services provider's stock worth $12,224,000 after purchasing an additional 32,190 shares during the last quarter. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Down 2.3%

Shares of NASDAQ:GRBK opened at $70.16 on Friday. The company has a current ratio of 7.57, a quick ratio of 0.63 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 $80.97. The company has a 50-day moving average price of $72.06 and a 200 day moving average price of $69.30. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 9.11 and a beta of 1.99.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The business's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 EPS. As a group, equities research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on Green Brick Partners in a research note on Monday, December 1st. They set a "neutral" rating for the company. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.00.

Green Brick Partners 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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