State Street Corp Boosts Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

State Street Corp increased its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,737,812 shares of the financial services provider’s stock after purchasing an additional 94,834 shares during the period. State Street Corp’s holdings in Green Brick Partners were worth $145,142,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in Green Brick Partners in the 3rd quarter worth approximately $29,000. Blue Trust Inc. purchased a new position in Green Brick Partners in the 2nd quarter worth approximately $48,000. GAMMA Investing LLC lifted its holdings in Green Brick Partners by 20.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 305 shares in the last quarter. nVerses Capital LLC lifted its holdings in Green Brick Partners by 1,000.0% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Green Brick Partners in the 3rd quarter worth approximately $209,000. 78.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Green Brick Partners Stock Down 2.2 %

Shares of GRBK opened at $64.22 on Friday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.34 and a beta of 1.80. Green Brick Partners, Inc. has a 1 year low of $48.38 and a 1 year high of $84.66. The business’s 50 day simple moving average is $72.97 and its 200-day simple moving average is $69.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

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