First Sabrepoint Capital Management LP Lowers Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

First Sabrepoint Capital Management LP lowered its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 66.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,000 shares of the financial services provider's stock after selling 119,000 shares during the quarter. Green Brick Partners accounts for about 1.5% of First Sabrepoint Capital Management LP's holdings, making the stock its 24th biggest position. First Sabrepoint Capital Management LP owned about 0.13% of Green Brick Partners worth $5,011,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased its holdings in Green Brick Partners by 22.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 79,697 shares of the financial services provider's stock valued at $4,562,000 after acquiring an additional 14,376 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Green Brick Partners during the 2nd quarter worth approximately $48,000. Lakewood Asset Management LLC lifted its stake in Green Brick Partners by 2.2% in the 2nd quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider's stock valued at $431,000 after buying an additional 160 shares in the last quarter. Raymond James & Associates grew its holdings in Green Brick Partners by 7.6% during the 2nd quarter. Raymond James & Associates now owns 33,185 shares of the financial services provider's stock valued at $1,900,000 after buying an additional 2,350 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in Green Brick Partners by 45.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,626 shares of the financial services provider's stock worth $322,000 after buying an additional 1,757 shares in the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a "market perform" rating on shares of Green Brick Partners in a research report on Tuesday, December 3rd.

Green Brick Partners Trading Down 2.4 %

Shares of GRBK traded down $1.68 on Tuesday, hitting $66.95. 177,343 shares of the stock traded hands, compared to its average volume of 383,626. Green Brick Partners, Inc. has a 1 year low of $48.30 and a 1 year high of $84.66. The stock's 50 day moving average is $74.20 and its two-hundred day moving average is $69.83. The firm has a market capitalization of $2.98 billion, a P/E ratio of 8.91 and a beta of 1.80. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

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

Green Brick Partners Company 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.