Axxcess Wealth Management LLC decreased its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,325 shares of the financial services provider's stock after selling 9,326 shares during the period. Axxcess Wealth Management LLC's holdings in Green Brick Partners were worth $527,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Green Brick Partners during the fourth quarter valued at about $57,000. Nisa Investment Advisors LLC increased its position in shares of Green Brick Partners by 26.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock worth $79,000 after purchasing an additional 289 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Green Brick Partners by 207.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after acquiring an additional 1,149 shares during the last quarter. KBC Group NV raised its position in Green Brick Partners by 93.9% in the 4th 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 during the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Green Brick Partners in the fourth quarter valued at $226,000. 78.24% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently weighed in on GRBK. Wedbush restated a "neutral" rating and issued a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th. JMP Securities restated a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.
Get Our Latest Analysis on Green Brick Partners
Green Brick Partners Stock Performance
GRBK stock traded up $0.08 during mid-day trading on Wednesday, hitting $59.51. 178,003 shares of the company were exchanged, compared to its average volume of 366,937. Green Brick Partners, Inc. has a 1-year low of $51.76 and a 1-year high of $84.66. The stock has a market capitalization of $2.65 billion, a PE ratio of 7.73 and a beta of 1.89. The business has a 50 day simple moving average of $59.74 and a 200-day simple moving average of $66.82. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.
About Green Brick Partners
(
Free Report)
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.
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