Green Brick Partners, Inc. (NASDAQ:GRBK) Stock Holdings Lessened by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 80.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,978 shares of the financial services provider's stock after selling 20,357 shares during the quarter. HighTower Advisors LLC's holdings in Green Brick Partners were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Hilltop Holdings Inc. acquired a new stake in Green Brick Partners in the third quarter worth about $512,000. Edgestream Partners L.P. bought a new stake in shares of Green Brick Partners in the 3rd quarter worth $1,161,000. Public Sector Pension Investment Board lifted its holdings in shares of Green Brick Partners by 17.7% in the third quarter. Public Sector Pension Investment Board now owns 65,168 shares of the financial services provider's stock valued at $5,443,000 after buying an additional 9,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Green Brick Partners by 46.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,759 shares of the financial services provider's stock worth $648,000 after acquiring an additional 2,471 shares in the last quarter. Finally, Cynosure Group LLC acquired a new stake in Green Brick Partners in the 3rd quarter valued at about $370,000. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Trading Up 1.7 %

Shares of Green Brick Partners stock traded up $0.94 on Friday, reaching $57.63. 697,143 shares of the company were exchanged, compared to its average volume of 383,833. 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, Inc. has a fifty-two week low of $48.38 and a fifty-two week high of $84.66. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 7.48 and a beta of 1.80. The stock has a fifty day moving average price of $71.13 and a 200-day moving average price of $70.34.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The company had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. During the same quarter in the previous year, the firm posted $1.56 EPS. Green Brick Partners's quarterly revenue was up 25.0% on a year-over-year basis. On average, analysts expect that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a "market perform" rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

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.