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

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Green Brick Partners by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock valued at $13,260,000 after purchasing an additional 21,012 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Green Brick Partners by 9.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock worth $22,462,000 after acquiring an additional 33,152 shares during the period. Raymond James Financial Inc. purchased a new stake in Green Brick Partners in the fourth quarter worth $9,488,000. Proficio Capital Partners LLC bought a new stake in Green Brick Partners in the fourth quarter valued at $1,152,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Green Brick Partners during the 4th quarter valued at $261,000. Institutional investors own 78.24% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed 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 Stock Up 4.0%

Green Brick Partners stock traded up $2.42 during trading hours on Monday, hitting $62.47. 317,170 shares of the stock traded hands, compared to its average volume of 374,718. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The firm's 50-day moving average price is $58.08 and its two-hundred day moving average price is $61.39. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.74 billion, a PE ratio of 8.11 and a beta of 1.94.

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 period in the prior year, the business earned $1.82 EPS. On average, research analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current 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.