HighTower Advisors LLC Invests $2.98 Million in Green Brick Partners, Inc. $GRBK

HighTower Advisors LLC acquired a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,279 shares of the financial services provider’s stock, valued at approximately $2,975,000. HighTower Advisors LLC owned 0.09% of Green Brick Partners as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GRBK. SG Americas Securities LLC lifted its stake in shares of Green Brick Partners by 60.4% in the 3rd quarter. SG Americas Securities LLC now owns 41,858 shares of the financial services provider’s stock valued at $3,092,000 after purchasing an additional 15,759 shares during the period. D.A. Davidson & CO. bought a new stake in Green Brick Partners in the third quarter worth approximately $1,646,000. American Century Companies Inc. lifted its stake in Green Brick Partners by 46.6% in the second quarter. American Century Companies Inc. now owns 57,428 shares of the financial services provider’s stock valued at $3,611,000 after buying an additional 18,262 shares during the period. Brandywine Global Investment Management LLC boosted its holdings in shares of Green Brick Partners by 19.8% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 194,397 shares of the financial services provider’s stock worth $12,224,000 after buying an additional 32,190 shares in the last quarter. Finally, Ranger Investment Management L.P. boosted its holdings in shares of Green Brick Partners by 101.0% during the 3rd quarter. Ranger Investment Management L.P. now owns 117,030 shares of the financial services provider’s stock worth $8,644,000 after buying an additional 58,815 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BTIG Research started coverage on shares of Green Brick Partners in a research note on Monday, December 1st. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Green Brick Partners currently has a consensus rating of “Hold” and a consensus price target of $66.00.

Green Brick Partners Trading Up 4.4%

NASDAQ GRBK opened at $77.71 on Friday. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $80.97. The business has a 50 day moving average price of $71.23 and a 200-day moving average price of $69.18. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 10.09 and a beta of 1.99.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.31 EPS. As a group, equities analysts expect 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 (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.