Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Acquired by First Sabrepoint Capital Management LP

First Sabrepoint Capital Management LP raised its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 125.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,000 shares of the financial services provider's stock after buying an additional 75,000 shares during the period. Green Brick Partners makes up approximately 2.0% of First Sabrepoint Capital Management LP's holdings, making the stock its 17th largest holding. First Sabrepoint Capital Management LP owned about 0.30% of Green Brick Partners worth $7,626,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Green Brick Partners by 6.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider's stock worth $31,932,000 after acquiring an additional 36,239 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Green Brick Partners by 9.1% during 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 last quarter. Northern Trust Corp boosted its position in Green Brick Partners by 6.1% during the fourth quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock worth $19,526,000 after acquiring an additional 19,752 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Green Brick Partners by 68.4% during the third quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider's stock worth $24,437,000 after purchasing an additional 118,858 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Green Brick Partners by 1,342.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock worth $16,365,000 after purchasing an additional 269,615 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Green Brick Partners Stock Down 0.8%

GRBK stock traded down $0.51 during mid-day trading on Friday, hitting $60.12. 181,146 shares of the company were exchanged, compared to its average volume of 374,949. The company has a market capitalization of $2.64 billion, a PE ratio of 7.81 and a beta of 1.94. 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 twelve month low of $50.57 and a twelve month high of $84.66. The firm has a fifty day simple moving average of $58.04 and a 200 day simple moving average of $61.48.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings data 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 return on equity of 25.35% and a net margin of 17.70%. During the same quarter last year, the business earned $1.82 EPS. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share 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.