Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report)'s stock price shot up 3.2% during mid-day trading on Friday . The stock traded as high as $56.55 and last traded at $57.69. 129,988 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 374,936 shares. The stock had previously closed at $55.89.
Wall Street Analysts Forecast Growth
Separately, Wedbush reiterated a "neutral" rating and set a $70.00 target price on shares of Green Brick Partners in a report on Friday, February 28th.
Read Our Latest Research Report on Green Brick Partners
Green Brick Partners Stock Performance
The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 7.31 and a beta of 1.82. The firm has a fifty day moving average of $58.77 and a 200 day moving average of $65.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.
Institutional Trading of Green Brick Partners
Large investors have recently made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in Green Brick Partners by 758.8% in the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after buying an additional 645 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Green Brick Partners in the fourth quarter valued at about $57,000. Nisa Investment Advisors LLC increased its position in Green Brick Partners by 26.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock worth $79,000 after purchasing an additional 289 shares during the last quarter. Covestor Ltd raised its stake in Green Brick Partners by 10,460.0% during the fourth quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock worth $90,000 after purchasing an additional 1,569 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Green Brick Partners by 207.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after buying an additional 1,149 shares during the period. 78.24% of the stock is currently owned by hedge funds and other institutional investors.
About Green Brick Partners
(
Get Free Report)
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.
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