Quantbot Technologies LP Sells 22,322 Shares of Green Brick Partners, Inc. $GRBK

Quantbot Technologies LP lessened its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 51.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 21,282 shares of the financial services provider’s stock after selling 22,322 shares during the period. Quantbot Technologies LP’s holdings in Green Brick Partners were worth $1,572,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC grew its holdings in Green Brick Partners by 14.8% during the 3rd quarter. Intech Investment Management LLC now owns 17,346 shares of the financial services provider’s stock valued at $1,281,000 after purchasing an additional 2,240 shares during the last quarter. US Bancorp DE grew its stake in shares of Green Brick Partners by 586.9% during the third quarter. US Bancorp DE now owns 1,786 shares of the financial services provider’s stock valued at $132,000 after buying an additional 1,526 shares during the last quarter. Semanteon Capital Management LP bought a new position in shares of Green Brick Partners during the third quarter valued at approximately $565,000. Raiffeisen Bank International AG purchased a new stake in shares of Green Brick Partners in the third quarter worth approximately $1,942,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Green Brick Partners by 20.5% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,093 shares of the financial services provider’s stock worth $524,000 after acquiring an additional 1,209 shares during the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Down 2.3%

Shares of NASDAQ:GRBK opened at $70.16 on Friday. The business’s 50 day moving average is $72.06 and its 200 day moving average is $69.30. The stock has a market cap of $3.03 billion, a P/E ratio of 9.11 and a beta of 1.99. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $80.97. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same period in the previous year, the business posted $2.31 earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. Sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analysts Set New Price Targets

Separately, BTIG Research assumed coverage on Green Brick Partners in a research report on Monday, December 1st. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.00.

Green Brick Partners Profile

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.