Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 549.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,218 shares of the financial services provider's stock after acquiring an additional 76,318 shares during the quarter. Edgestream Partners L.P. owned about 0.20% of Green Brick Partners worth $5,096,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new stake in Green Brick Partners in the third quarter valued at approximately $1,352,000. Empowered Funds LLC purchased a new stake in shares of Green Brick Partners during the 3rd quarter valued at $4,065,000. Principal Financial Group Inc. boosted its position in shares of Green Brick Partners by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock worth $13,260,000 after purchasing an additional 21,012 shares in the last quarter. Geode Capital Management LLC grew its stake in Green Brick Partners by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider's stock worth $59,324,000 after buying an additional 59,098 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 58,935 shares in the last quarter. 78.24% of the stock is owned by institutional investors.

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Green Brick Partners Stock Performance

Shares of GRBK stock traded down $0.92 during trading hours on Wednesday, hitting $59.52. The company's stock had a trading volume of 316,204 shares, compared to its average volume of 320,864. The stock has a market cap of $2.65 billion, a PE ratio of 7.73 and a beta of 1.89. Green Brick Partners, Inc. has a 12-month low of $51.76 and a 12-month high of $84.66. The company has a 50 day moving average of $59.18 and a 200 day moving average of $68.12. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wedbush restated a "neutral" rating and set a $70.00 price target on shares of Green Brick Partners in a research note on Friday, February 28th. JMP Securities reissued a "market perform" rating on shares of Green Brick Partners in a research report on Tuesday, December 3rd.

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.