The Manufacturers Life Insurance Company Raises Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

The Manufacturers Life Insurance Company lifted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 1,342.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,704 shares of the financial services provider's stock after buying an additional 269,615 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.65% of Green Brick Partners worth $16,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GRBK. Sterling Capital Management LLC raised its position 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 acquiring an additional 645 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Green Brick Partners during the 4th quarter worth about $57,000. Nisa Investment Advisors LLC lifted its stake in Green Brick Partners by 26.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after buying an additional 289 shares in the last quarter. Covestor Ltd boosted its holdings in 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 worth $90,000 after buying an additional 1,569 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in 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 worth $96,000 after buying an additional 1,149 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $60.14 on Friday. The company has a market cap of $2.68 billion, a P/E ratio of 7.81 and a beta of 1.82. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The company's 50-day moving average price is $58.00 and its 200-day moving average price is $62.26. 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 (NASDAQ:GRBK - Get Free Report) last issued its 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 return on equity of 25.35% and a net margin of 17.70%. The company's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. On average, sell-side analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.

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