Zacks Investment Management Sells 21,648 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Zacks Investment Management trimmed its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 76.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,522 shares of the financial services provider's stock after selling 21,648 shares during the period. Zacks Investment Management's holdings in Green Brick Partners were worth $368,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in Green Brick Partners by 206.5% in the third quarter. Barclays PLC now owns 57,432 shares of the financial services provider's stock worth $4,796,000 after purchasing an additional 38,695 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Green Brick Partners by 9.1% in the third quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider's stock valued at $59,324,000 after purchasing an additional 59,098 shares in the last quarter. Invst LLC boosted its holdings in shares of Green Brick Partners by 11.8% in the 3rd quarter. Invst LLC now owns 11,246 shares of the financial services provider's stock valued at $939,000 after buying an additional 1,188 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Green Brick Partners in the third quarter valued at about $1,030,000. Finally, Principal Financial Group Inc. increased its position in Green Brick Partners by 15.3% during the third quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock worth $13,260,000 after acquiring an additional 21,012 shares during the period. Institutional investors and hedge funds own 78.24% of the company's stock.

Analyst Ratings Changes

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

Green Brick Partners Trading Down 1.5 %

Shares of NASDAQ:GRBK traded down $0.86 on Friday, hitting $57.11. The company had a trading volume of 37,472 shares, compared to its average volume of 378,131. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 7.39 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. The firm's 50-day simple moving average is $58.04 and its two-hundred day simple moving average is $63.27. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66.

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.