Third Point LLC Holds Position in Green Brick Partners, Inc. (GRBK)

Third Point LLC continued to hold its position in Green Brick Partners, Inc. (NASDAQ:GRBK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,083,022 shares of the financial services provider’s stock at the close of the second quarter. Green Brick Partners comprises 0.8% of Third Point LLC’s investment portfolio, making the stock its 29th largest position. Third Point LLC owned approximately 16.47% of Green Brick Partners worth $92,551,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Green Brick Partners by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 779,011 shares of the financial services provider’s stock worth $8,919,000 after acquiring an additional 24,369 shares during the period. Ariel Investments LLC grew its holdings in shares of Green Brick Partners by 26.8% during the 1st quarter. Ariel Investments LLC now owns 500,200 shares of the financial services provider’s stock worth $4,977,000 after acquiring an additional 105,600 shares during the period. Northern Trust Corp grew its holdings in shares of Green Brick Partners by 2.1% during the 2nd quarter. Northern Trust Corp now owns 238,143 shares of the financial services provider’s stock worth $2,727,000 after acquiring an additional 4,883 shares during the period. Geode Capital Management LLC grew its holdings in shares of Green Brick Partners by 4.7% during the 1st quarter. Geode Capital Management LLC now owns 207,783 shares of the financial services provider’s stock worth $2,067,000 after acquiring an additional 9,391 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Green Brick Partners by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,929 shares of the financial services provider’s stock worth $984,000 after acquiring an additional 5,510 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.

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A number of research analysts have weighed in on GRBK shares. TheStreet upgraded Green Brick Partners from a “c+” rating to a “b” rating in a report on Thursday, August 17th. BidaskClub upgraded Green Brick Partners from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.

Green Brick Partners, Inc. (NASDAQ GRBK) traded down 0.53% on Monday, hitting $9.40. The company’s stock had a trading volume of 7,208 shares. The firm has a 50 day moving average of $9.77 and a 200 day moving average of $10.30. Green Brick Partners, Inc. has a 12 month low of $7.50 and a 12 month high of $12.10. The firm has a market cap of $461.61 million, a price-to-earnings ratio of 16.55 and a beta of 1.88.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The company had revenue of $104.95 million during the quarter, compared to the consensus estimate of $115.23 million. Green Brick Partners had a net margin of 6.69% and a return on equity of 11.30%. Green Brick Partners’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Equities research analysts forecast that Green Brick Partners, Inc. will post $0.66 earnings per share for the current fiscal year.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates in the real estate industry. The Company operates through two segments. The builder operations segment includes its controlled builders results, which include building and selling single-family detached homes and townhomes that are designed and built to meet local customer preferences, and the sale of lots.

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Institutional Ownership by Quarter for Green Brick Partners (NASDAQ:GRBK)

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