Citigroup Inc. Boosts Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Citigroup Inc. boosted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 56.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,318 shares of the financial services provider's stock after purchasing an additional 21,478 shares during the period. Citigroup Inc. owned about 0.13% of Green Brick Partners worth $4,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GRBK. Dimensional Fund Advisors LP lifted its holdings in shares of Green Brick Partners by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,609,122 shares of the financial services provider's stock valued at $92,106,000 after buying an additional 16,613 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Green Brick Partners by 0.8% in the second quarter. Salem Investment Counselors Inc. now owns 743,183 shares of the financial services provider's stock valued at $42,540,000 after acquiring an additional 6,045 shares during the period. American Century Companies Inc. boosted its position in Green Brick Partners by 0.5% in the second quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider's stock worth $33,834,000 after purchasing an additional 2,875 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Green Brick Partners by 19.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,472 shares of the financial services provider's stock valued at $30,441,000 after purchasing an additional 58,935 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Green Brick Partners by 206.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider's stock valued at $20,424,000 after purchasing an additional 164,840 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Green Brick Partners stock traded up $0.42 during midday trading on Tuesday, hitting $71.89. The stock had a trading volume of 430,504 shares, compared to its average volume of 296,203. Green Brick Partners, Inc. has a 52-week low of $48.14 and a 52-week high of $84.66. The company has a market capitalization of $3.20 billion, a PE ratio of 9.28 and a beta of 1.80. The firm's fifty day moving average is $75.47 and its two-hundred day moving average is $69.37. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

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). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm had revenue of $523.70 million during the quarter, compared to the consensus estimate of $539.86 million. During the same period in the prior year, the company posted $1.56 EPS. The company's quarterly revenue was up 25.0% on a year-over-year basis. On average, research analysts forecast that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Analysts Set New Price Targets

GRBK has been the subject of several recent research reports. JMP Securities restated a "market perform" rating on shares of Green Brick Partners in a research report on Tuesday. Wedbush restated a "neutral" rating and issued a $60.00 price objective (up from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th.

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.