Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 87.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,959 shares of the financial services provider's stock after selling 273,576 shares during the quarter. American Century Companies Inc. owned about 0.09% of Green Brick Partners worth $2,201,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GRBK. Lakewood Asset Management LLC grew its holdings in shares of Green Brick Partners by 2.4% during the fourth quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider's stock valued at $467,000 after buying an additional 193 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Green Brick Partners by 26.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 289 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Green Brick Partners by 4.4% in the fourth quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 400 shares during the period. Cavalier Investments LLC raised its stake in shares of Green Brick Partners by 4.1% in the fourth quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider's stock worth $683,000 after purchasing an additional 480 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Green Brick Partners by 4.3% in the fourth quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider's stock worth $729,000 after purchasing an additional 528 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Stock Performance

NASDAQ GRBK traded up $0.67 on Friday, reaching $55.71. 353,503 shares of the company's stock traded hands, compared to its average volume of 380,709. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 7.23 and a beta of 1.82. The stock has a 50 day moving average price of $58.64 and a 200-day moving average price of $64.59.

Wall Street Analyst Weigh In

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

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.