Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 54.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,880 shares of the financial services provider's stock after selling 5,910 shares during the period. Teacher Retirement System of Texas' holdings in Green Brick Partners were worth $285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its position 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 buying an additional 645 shares in the last quarter. Covestor Ltd lifted its position 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 buying an additional 1,569 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Green Brick Partners by 207.8% during 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 in the last quarter. Byrne Asset Management LLC lifted its position in Green Brick Partners by 50.7% during the 1st quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock worth $127,000 after buying an additional 730 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Green Brick Partners by 36.8% during the 1st quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock worth $140,000 after purchasing an additional 646 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

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 target for the company.

Green Brick Partners Price Performance

NASDAQ:GRBK traded down $1.27 during mid-day trading on Friday, hitting $63.59. 194,092 shares of the stock traded hands, compared to its average volume of 326,180. The business's 50-day moving average price is $61.92 and its 200 day moving average price is $59.68. The company has a market cap of $2.79 billion, a PE ratio of 8.26 and a beta of 1.85. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month 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.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The business's revenue was up 11.2% compared to the same quarter last year. On average, analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal 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.