Cynosure Group LLC Invests $370,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

Cynosure Group LLC acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,426 shares of the financial services provider’s stock, valued at approximately $370,000.

Several other institutional investors have also bought and sold shares of GRBK. BNP Paribas Financial Markets lifted its stake in shares of Green Brick Partners by 177.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,644 shares of the financial services provider’s stock worth $4,898,000 after acquiring an additional 37,503 shares during the period. Penserra Capital Management LLC bought a new stake in Green Brick Partners during the third quarter worth approximately $2,371,000. Algert Global LLC lifted its position in Green Brick Partners by 44.3% in the third quarter. Algert Global LLC now owns 67,054 shares of the financial services provider’s stock worth $5,600,000 after purchasing an additional 20,599 shares during the period. Citigroup Inc. boosted its stake in Green Brick Partners by 56.8% during the 3rd quarter. Citigroup Inc. now owns 59,318 shares of the financial services provider’s stock valued at $4,954,000 after purchasing an additional 21,478 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Green Brick Partners by 19.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,472 shares of the financial services provider’s stock valued at $30,441,000 after purchasing an additional 58,935 shares during the period. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Price Performance

NASDAQ GRBK opened at $71.33 on Friday. Green Brick Partners, Inc. has a 1 year low of $46.61 and a 1 year high of $84.66. The business’s fifty day moving average is $76.08 and its two-hundred day moving average is $68.97. The stock has a market capitalization of $3.17 billion, a P/E ratio of 9.26 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK) last announced 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 return on equity of 25.35% and a net margin of 17.70%. The company had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. During the same period last year, the firm earned $1.56 earnings per share. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, research analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. B. Riley raised their target price on 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 reissued a “neutral” rating and issued a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

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.