Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 78.5% during the second quarter, Holdings Channel reports. The fund owned 14,926 shares of the financial services provider’s stock after selling 54,573 shares during the quarter. AQR Capital Management LLC’s holdings in Green Brick Partners were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GRBK. Vanguard Group Inc. boosted its holdings in Green Brick Partners by 12.8% during the first quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after buying an additional 307,304 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in Green Brick Partners during the second quarter worth $10,687,000. Marshall Wace LLP boosted its holdings in Green Brick Partners by 195.3% during the second quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock worth $9,580,000 after buying an additional 110,680 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Green Brick Partners by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 100,393 shares of the financial services provider’s stock worth $5,746,000 after buying an additional 73,506 shares in the last quarter. Finally, Security National Bank boosted its holdings in Green Brick Partners by 258.3% during the first quarter. Security National Bank now owns 73,674 shares of the financial services provider’s stock worth $4,437,000 after buying an additional 53,114 shares in the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Performance

GRBK opened at $79.39 on Friday. The company has a quick ratio of 0.87, a current ratio of 8.28 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 12.05 and a beta of 1.80. Green Brick Partners, Inc. has a 52-week low of $37.31 and a 52-week high of $84.21. The firm’s fifty day simple moving average is $76.53 and its two-hundred day simple moving average is $64.92.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.55. The business had revenue of $560.63 million for the quarter, compared to the consensus estimate of $501.51 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. Equities analysts anticipate that Green Brick Partners, Inc. will post 8.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. B. Riley increased their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and set a $60.00 price objective (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.