BNP Paribas Arbitrage SA boosted its position in Green Brick Partners Inc (NASDAQ:GRBK) by 29.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,510 shares of the financial services provider’s stock after buying an additional 1,727 shares during the period. BNP Paribas Arbitrage SA’s holdings in Green Brick Partners were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in Green Brick Partners by 37.9% in the 1st quarter. Citigroup Inc. now owns 7,469 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,054 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Green Brick Partners in the first quarter valued at approximately $335,000. JPMorgan Chase & Co. lifted its holdings in Green Brick Partners by 274.6% during the first quarter. JPMorgan Chase & Co. now owns 29,867 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 21,895 shares during the period. Tieton Capital Management LLC increased its position in Green Brick Partners by 33.7% in the first quarter. Tieton Capital Management LLC now owns 369,430 shares of the financial services provider’s stock worth $2,974,000 after buying an additional 93,116 shares during the last quarter. Finally, State Street Corp increased its position in Green Brick Partners by 7.5% in the first quarter. State Street Corp now owns 472,079 shares of the financial services provider’s stock worth $3,800,000 after buying an additional 33,071 shares during the last quarter. Hedge funds and other institutional investors own 81.69% of the company’s stock.
Several equities research analysts have issued reports on the company. TheStreet raised Green Brick Partners from a “c” rating to a “b-” rating in a research note on Wednesday, May 27th. BidaskClub upgraded Green Brick Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. JPMorgan Chase & Co. raised Green Brick Partners from a “neutral” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research report on Thursday, June 11th. BTIG Research upped their price objective on Green Brick Partners from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Zacks Investment Research cut Green Brick Partners from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Green Brick Partners has a consensus rating of “Buy” and a consensus target price of $13.33.
Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Green Brick Partners had a net margin of 7.41% and a return on equity of 11.77%. The company had revenue of $213.27 million for the quarter, compared to analyst estimates of $207.36 million. As a group, equities research analysts expect that Green Brick Partners Inc will post 1.63 EPS for the current year.
Green Brick Partners Company Profile
Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.
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