State of Tennessee Department of Treasury Buys 8,089 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

State of Tennessee Department of Treasury grew its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 71.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,336 shares of the financial services provider's stock after acquiring an additional 8,089 shares during the period. State of Tennessee Department of Treasury's holdings in Green Brick Partners were worth $1,092,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Green Brick Partners by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock worth $22,462,000 after purchasing an additional 33,152 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Green Brick Partners by 68.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider's stock worth $24,437,000 after acquiring an additional 118,858 shares in the last quarter. Annex Advisory Services LLC increased its holdings in shares of Green Brick Partners by 26.5% during the 4th quarter. Annex Advisory Services LLC now owns 271,931 shares of the financial services provider's stock valued at $15,361,000 after acquiring an additional 57,045 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Green Brick Partners by 2.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 220,522 shares of the financial services provider's stock valued at $12,457,000 after acquiring an additional 4,811 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Green Brick Partners in the 4th quarter worth approximately $9,488,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Green Brick Partners Stock Performance

Green Brick Partners stock traded down $0.80 on Tuesday, reaching $58.74. 145,287 shares of the stock were exchanged, compared to its average volume of 376,221. 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 moving average price of $58.04 and a two-hundred day moving average price of $61.95. The stock has a market cap of $2.61 billion, a PE ratio of 7.62 and a beta of 1.82.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted 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%. The company's revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $1.82 EPS. Sell-side analysts anticipate 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.