The Manufacturers Life Insurance Company Decreases Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

The Manufacturers Life Insurance Company lowered its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,089 shares of the financial services provider’s stock after selling 609 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Green Brick Partners were worth $1,678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GRBK. Lakewood Asset Management LLC boosted its stake in shares of Green Brick Partners by 2.2% during the second quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 160 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Green Brick Partners by 3.7% during the 2nd quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 221 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Green Brick Partners by 20.9% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after buying an additional 305 shares in the last quarter. Kendall Capital Management raised its position in shares of Green Brick Partners by 1.8% in the second quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider’s stock valued at $1,024,000 after buying an additional 315 shares during the last quarter. Finally, Security National Bank lifted its stake in shares of Green Brick Partners by 0.5% during the second quarter. Security National Bank now owns 74,016 shares of the financial services provider’s stock valued at $4,237,000 after buying an additional 342 shares during the period. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Stock Up 1.2 %

Shares of NASDAQ:GRBK opened at $68.63 on Tuesday. 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 cap of $3.05 billion, a price-to-earnings ratio of 8.91 and a beta of 1.80. The stock’s 50-day moving average price is $74.20 and its two-hundred day moving average price is $69.83. Green Brick Partners, Inc. has a 12-month low of $48.30 and a 12-month high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $523.70 million during the quarter, compared to analysts’ expectations of $539.86 million. During the same quarter in the previous year, the firm posted $1.56 earnings per share. Green Brick Partners’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, research analysts forecast that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

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.