Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 137,045 shares of the financial services provider's stock after selling 5,730 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.31% of Green Brick Partners worth $7,742,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in Green Brick Partners by 758.8% during the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock worth $41,000 after purchasing an additional 645 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Green Brick Partners in the fourth quarter valued at approximately $57,000. Nisa Investment Advisors LLC increased its holdings in shares of Green Brick Partners by 26.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 289 shares during the period. Covestor Ltd grew its stake in shares of 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 purchasing an additional 1,569 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Green Brick Partners by 207.8% during the fourth 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 during the period. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Price Performance

Shares of NASDAQ GRBK traded up $1.23 on Friday, hitting $63.01. The company's stock had a trading volume of 235,539 shares, compared to its average volume of 373,248. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 8.18 and a beta of 1.94. The stock has a 50 day moving average of $58.14 and a 200-day moving average of $61.11. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66.

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 (EPS) 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 quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 EPS. As a group, research analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Wall Street Analyst Weigh In

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

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.