Intech Investment Management LLC Makes New Investment in Green Brick Partners, Inc. (NASDAQ:GRBK)

Intech Investment Management LLC acquired a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,211 shares of the financial services provider’s stock, valued at approximately $769,000.

Several other institutional investors and hedge funds have also modified their holdings of GRBK. Vanguard Group Inc. grew its stake in Green Brick Partners by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after acquiring an additional 307,304 shares during the period. Annex Advisory Services LLC purchased a new stake in shares of Green Brick Partners in the second quarter valued at $10,687,000. Assenagon Asset Management S.A. increased its stake in Green Brick Partners by 206.8% in the third quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider’s stock valued at $20,424,000 after purchasing an additional 164,840 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Green Brick Partners by 114.9% during the third quarter. Harbor Capital Advisors Inc. now owns 215,711 shares of the financial services provider’s stock worth $18,016,000 after buying an additional 115,318 shares during the period. Finally, Marshall Wace LLP lifted its position 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 during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GRBK shares. B. Riley upped their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Wedbush restated a “neutral” rating and issued a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Trading Up 0.2 %

Shares of GRBK opened at $71.46 on Friday. The stock’s fifty day simple moving average is $75.85 and its 200 day simple moving average is $68.99. Green Brick Partners, Inc. has a twelve month low of $46.83 and a twelve month high of $84.66. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.18 billion, a P/E ratio of 9.28 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. During the same period in the prior year, the firm earned $1.56 earnings per share. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, equities research analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

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.