Renaissance Technologies LLC Acquires 78,900 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Renaissance Technologies LLC increased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 118.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,709 shares of the financial services provider's stock after purchasing an additional 78,900 shares during the quarter. Renaissance Technologies LLC owned about 0.33% of Green Brick Partners worth $8,231,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Lakewood Asset Management LLC raised its stake in Green Brick Partners by 2.4% during the fourth quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider's stock valued at $467,000 after buying an additional 193 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of 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 valued at $79,000 after acquiring an additional 289 shares in the last quarter. Bank of Montreal Can raised its position in shares of Green Brick Partners by 8.3% in the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider's stock worth $228,000 after purchasing an additional 310 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Green Brick Partners by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider's stock worth $531,000 after purchasing an additional 400 shares during the last quarter. Finally, Cavalier Investments LLC boosted its stake in Green Brick Partners by 4.1% in the 4th quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider's stock worth $683,000 after purchasing an additional 480 shares in the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wedbush reiterated a "neutral" rating and issued a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.

Green Brick Partners Stock Performance

GRBK traded up $1.42 during mid-day trading on Wednesday, reaching $58.59. 45,597 shares of the company traded hands, compared to its average volume of 378,560. The stock has a market capitalization of $2.61 billion, a P/E ratio of 7.61 and a beta of 1.82. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $84.66. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company's fifty day moving average price is $58.16 and its 200-day moving average price is $63.45.

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.