Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 702,847 shares of the financial services provider's stock after selling 7,297 shares during the period. Geode Capital Management LLC owned 1.58% of Green Brick Partners worth $39,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Green Brick Partners in the fourth quarter valued at approximately $1,249,000. Fox Run Management L.L.C. purchased a new position in Green Brick Partners in the 4th quarter valued at $609,000. KLP Kapitalforvaltning AS acquired a new position in Green Brick Partners in the 4th quarter valued at $384,000. Quantbot Technologies LP purchased a new position in Green Brick Partners during the 4th quarter worth $1,837,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Green Brick Partners by 17.0% in the 4th quarter. Teacher Retirement System of Texas now owns 10,790 shares of the financial services provider's stock worth $610,000 after acquiring an additional 1,570 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Price Performance

GRBK stock traded up $0.82 on Friday, reaching $55.75. 294,572 shares of the company's stock were exchanged, compared to its average volume of 380,087. The stock has a fifty day moving average of $58.31 and a 200-day moving average of $63.67. The firm has a market cap of $2.48 billion, a PE ratio of 7.24 and a beta of 1.82. 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, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued a "neutral" rating and set a $70.00 price target on shares of Green Brick Partners in a report on Friday, February 28th.

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.