Invesco Ltd. lowered its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 260,553 shares of the financial services provider's stock after selling 246,427 shares during the quarter. Invesco Ltd. owned 0.59% of Green Brick Partners worth $14,719,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in GRBK. Principal Financial Group Inc. raised 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 valued at $13,260,000 after purchasing an additional 21,012 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Green Brick Partners by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock valued at $22,462,000 after buying an additional 33,152 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Green Brick Partners in the 4th quarter worth approximately $9,488,000. Geode Capital Management LLC lifted its position in Green Brick Partners by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider's stock worth $59,324,000 after buying an additional 59,098 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Green Brick Partners during the fourth quarter valued at approximately $1,152,000. 78.24% of the stock is owned by institutional investors.
Green Brick Partners Trading Down 2.1 %
Shares of NASDAQ:GRBK traded down $1.22 on Friday, reaching $56.75. 25,246 shares of the company traded hands, compared to its average volume of 378,068. The stock has a market capitalization of $2.53 billion, a P/E ratio of 7.38 and a beta of 1.82. The business's 50-day simple moving average is $58.04 and its 200 day simple moving average is $63.27. 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 52 week low of $50.57 and a 52 week high of $84.66.
Wall Street Analyst Weigh In
Separately, Wedbush restated a "neutral" rating and issued a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.
Get Our Latest Report on GRBK
Green Brick Partners Company Profile
(
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.
Read More
Before you consider Green Brick Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Green Brick Partners wasn't on the list.
While Green Brick Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
