Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 21.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,775 shares of the financial services provider's stock after buying an additional 25,150 shares during the period. Jacobs Levy Equity Management Inc. owned 0.32% of Green Brick Partners worth $11,925,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GRBK. Annex Advisory Services LLC purchased a new position in shares of Green Brick Partners during the 2nd quarter valued at about $10,687,000. Alhambra Investment Management LLC purchased a new position in Green Brick Partners in the 2nd quarter worth approximately $321,000. Assenagon Asset Management S.A. lifted its holdings in Green Brick Partners by 22.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 79,697 shares of the financial services provider's stock worth $4,562,000 after purchasing an additional 14,376 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Green Brick Partners during the 2nd quarter valued at approximately $48,000. Finally, Lakewood Asset Management LLC increased its position in shares of Green Brick Partners by 2.2% during the 2nd quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider's stock valued at $431,000 after purchasing an additional 160 shares during the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Green Brick Partners Stock Performance

Green Brick Partners stock traded down $1.85 during midday trading on Thursday, hitting $67.96. 200,483 shares of the company were exchanged, compared to its average volume of 386,105. The firm has a market capitalization of $3.02 billion, a PE ratio of 9.30 and a beta of 1.80. Green Brick Partners, Inc. has a fifty-two week low of $48.30 and a fifty-two week high of $84.66. The business has a fifty day simple moving average of $75.05 and a two-hundred day simple moving average of $69.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued 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 business had revenue of $523.70 million for the quarter, compared to analysts' expectations of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The business's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.56 EPS. On average, sell-side analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

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.