Cresset Asset Management LLC Buys 842 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Cresset Asset Management LLC grew its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,339 shares of the financial services provider’s stock after purchasing an additional 842 shares during the quarter. Cresset Asset Management LLC’s holdings in Green Brick Partners were worth $2,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sterling Capital Management LLC increased its position in shares of 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 valued at $41,000 after buying an additional 645 shares during the period. SBI Securities Co. Ltd. bought a new stake in Green Brick Partners during the 4th quarter valued at approximately $57,000. Nisa Investment Advisors LLC grew its holdings in shares of Green Brick Partners by 26.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 289 shares during the period. Covestor Ltd raised its position in shares of 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 acquiring an additional 1,569 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Green Brick Partners by 207.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 1,149 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Trading Down 0.8 %

NASDAQ:GRBK opened at $60.12 on Friday. The firm has a market capitalization of $2.64 billion, a P/E ratio of 7.81 and a beta of 1.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The company’s 50-day simple moving average is $58.04 and its 200 day simple moving average is $61.68.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same period in the prior year, the firm earned $1.82 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. As a group, analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Green Brick Partners in a research note on Friday, February 28th.

Green Brick Partners 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.