Bridgewater Associates LP Cuts Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Bridgewater Associates LP cut its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 59.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,857 shares of the financial services provider's stock after selling 27,203 shares during the period. Bridgewater Associates LP's holdings in Green Brick Partners were worth $1,575,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new stake in shares of Green Brick Partners in the 3rd quarter valued at approximately $1,352,000. Assenagon Asset Management S.A. grew its stake in shares of Green Brick Partners by 22.0% in the second quarter. Assenagon Asset Management S.A. now owns 79,697 shares of the financial services provider's stock worth $4,562,000 after acquiring an additional 14,376 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Green Brick Partners during the third quarter worth $4,065,000. Caxton Associates LP acquired a new stake in shares of Green Brick Partners in the second quarter valued at $858,000. Finally, SG Americas Securities LLC purchased a new position in Green Brick Partners in the third quarter valued at $679,000. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Down 0.1 %

Shares of Green Brick Partners stock traded down $0.04 during trading on Monday, hitting $71.42. 273,503 shares of the stock were exchanged, compared to its average volume of 387,163. Green Brick Partners, Inc. has a 12-month low of $48.14 and a 12-month 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. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 9.28 and a beta of 1.83. The firm's 50-day moving average price is $75.68 and its 200 day moving average price is $69.27.

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

Analysts Set New Price Targets

Separately, Wedbush reiterated a "neutral" rating and issued a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th.

About Green Brick Partners

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.