Geode Capital Management LLC Raises Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Geode Capital Management LLC increased its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 710,144 shares of the financial services provider's stock after purchasing an additional 59,098 shares during the quarter. Geode Capital Management LLC owned approximately 1.60% of Green Brick Partners worth $59,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Hollencrest Capital Management bought a new position in Green Brick Partners in the third quarter worth about $29,000. Blue Trust Inc. raised its position in shares of Green Brick Partners by 43.6% in the 3rd quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider's stock worth $95,000 after acquiring an additional 347 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of Green Brick Partners by 1,000.0% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider's stock valued at $126,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC lifted its stake in shares of Green Brick Partners by 20.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 305 shares during the period. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of Green Brick Partners during the third quarter valued at approximately $209,000. 78.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Green Brick Partners Stock Up 1.7 %

Shares of GRBK stock traded up $0.94 during trading hours on Friday, hitting $57.63. 697,143 shares of the company's stock traded hands, compared to its average volume of 383,833. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The stock's fifty day simple moving average is $71.13 and its two-hundred day simple moving average is $70.34. Green Brick Partners, Inc. has a 12-month low of $48.38 and a 12-month high of $84.66. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 7.48 and a beta of 1.80.

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

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.