Altshuler Shaham Ltd Acquires New Holdings in Green Brick Partners, Inc. $GRBK

Altshuler Shaham Ltd acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 13,260 shares of the financial services provider’s stock, valued at approximately $831,000.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Green Brick Partners by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider’s stock valued at $137,599,000 after purchasing an additional 22,423 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Green Brick Partners by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,656,806 shares of the financial services provider’s stock valued at $103,817,000 after purchasing an additional 80,517 shares during the period. State Street Corp increased its stake in Green Brick Partners by 3.0% during the 4th quarter. State Street Corp now owns 1,509,235 shares of the financial services provider’s stock worth $94,569,000 after purchasing an additional 43,954 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Green Brick Partners by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 580,108 shares of the financial services provider’s stock worth $36,351,000 after purchasing an additional 2,390 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Green Brick Partners by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 484,221 shares of the financial services provider’s stock worth $30,448,000 after purchasing an additional 30,244 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Analyst Ratings Changes

Separately, Citizens Jmp reissued a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.00.

Green Brick Partners Stock Down 2.1%

Green Brick Partners stock opened at $71.43 on Thursday. The stock has a market capitalization of $3.08 billion, a PE ratio of 9.28 and a beta of 1.81. Green Brick Partners, Inc. has a twelve month low of $58.80 and a twelve month high of $80.97. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $67.94 and a 200-day moving average of $68.53.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.19 by $0.20. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the previous year, the business earned $1.67 earnings per share. Green Brick Partners’s quarterly revenue was down 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

About Green Brick Partners

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.