Arrowstreet Capital Limited Partnership Reduces Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Arrowstreet Capital Limited Partnership cut its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 84.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,586 shares of the financial services provider's stock after selling 493,714 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.21% of Green Brick Partners worth $5,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Green Brick Partners in the fourth quarter valued at about $57,000. Nisa Investment Advisors LLC raised its holdings in shares of Green Brick Partners by 26.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 289 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Green Brick Partners by 207.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock worth $96,000 after purchasing an additional 1,149 shares during the period. KBC Group NV boosted its stake in shares of Green Brick Partners by 93.9% during the fourth quarter. KBC Group NV now owns 1,803 shares of the financial services provider's stock valued at $102,000 after purchasing an additional 873 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in Green Brick Partners during the fourth quarter valued at approximately $226,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Green Brick Partners Stock Up 1.2 %

Green Brick Partners stock traded up $0.67 during trading hours on Friday, reaching $55.71. The stock had a trading volume of 353,503 shares, compared to its average volume of 380,147. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 7.23 and a beta of 1.82. The business's 50 day moving average price is $58.64 and its 200-day moving average price is $64.70. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a "neutral" rating and set a $70.00 target price on shares of Green Brick Partners in a report on Friday, February 28th.

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.