First Manhattan CO. LLC. Decreases Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

First Manhattan CO. LLC. lessened its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,708 shares of the financial services provider's stock after selling 5,620 shares during the quarter. First Manhattan CO. LLC. owned approximately 0.41% of Green Brick Partners worth $10,208,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GRBK. Sterling Capital Management LLC boosted its stake in shares of Green Brick Partners by 758.8% in 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 during the last quarter. SBI Securities Co. Ltd. purchased a new position in Green Brick Partners during the 4th quarter valued at about $57,000. Nisa Investment Advisors LLC grew its position in Green Brick Partners by 26.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock worth $79,000 after buying an additional 289 shares in the last quarter. Covestor Ltd raised its holdings in shares of Green Brick Partners by 10,460.0% in the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after acquiring an additional 1,569 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of 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 valued at $96,000 after acquiring an additional 1,149 shares during the last quarter. Institutional investors own 78.24% of the company's stock.

Wall Street Analysts Forecast Growth

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

Green Brick Partners Trading Up 0.7%

Shares of Green Brick Partners stock traded up $0.42 during trading on Thursday, reaching $61.64. 133,623 shares of the stock were exchanged, compared to its average volume of 373,871. The stock's fifty day moving average is $58.09 and its 200 day moving average is $61.40. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 8.01 and a beta of 1.94. 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 1 year low of $50.57 and a 1 year high of $84.66.

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 earnings per share 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%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.82 earnings per share. As a group, equities research analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

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.