Fmr LLC Cuts Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

FMR LLC reduced its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,542,176 shares of the financial services provider's stock after selling 16,810 shares during the period. FMR LLC owned 3.47% of Green Brick Partners worth $128,803,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Hollencrest Capital Management bought a new position in Green Brick Partners during the 3rd quarter worth $29,000. Blue Trust Inc. bought a new position in shares of Green Brick Partners in the 2nd quarter worth about $48,000. GAMMA Investing LLC raised its position 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 worth $147,000 after acquiring an additional 305 shares in the last quarter. nVerses Capital LLC raised its position 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 worth $126,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new position in shares of Green Brick Partners in the 3rd quarter worth about $209,000. 78.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Green Brick Partners Stock Down 2.6 %

Green Brick Partners stock traded down $1.85 during midday trading on Wednesday, reaching $69.77. The stock had a trading volume of 266,240 shares, compared to its average volume of 386,832. Green Brick Partners, Inc. has a 12 month low of $48.30 and a 12 month high of $84.66. The company has a market capitalization of $3.10 billion, a P/E ratio of 9.06 and a beta of 1.80. The company has a fifty day moving average price of $75.05 and a two-hundred day moving average price of $69.47. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners's revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 EPS. As a group, equities analysts expect that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal 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.