State Street Corp Grows Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

State Street Corp lifted its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,737,812 shares of the financial services provider's stock after purchasing an additional 94,834 shares during the quarter. State Street Corp owned 3.91% of Green Brick Partners worth $145,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hollencrest Capital Management purchased a new position in Green Brick Partners in the 3rd quarter worth about $29,000. Blue Trust Inc. purchased a new position in shares of Green Brick Partners during the second quarter valued at approximately $48,000. nVerses Capital LLC lifted its position in Green Brick Partners by 1,000.0% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider's stock valued at $126,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC boosted its holdings in Green Brick Partners by 20.9% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider's stock worth $147,000 after purchasing an additional 305 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new stake in Green Brick Partners in the 3rd quarter worth approximately $209,000. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Stock Performance

NASDAQ GRBK traded down $1.47 on Friday, hitting $64.22. 289,997 shares of the company traded hands, compared to its average volume of 382,563. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The business's 50 day moving average price is $72.97 and its 200-day moving average price is $69.93. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.34 and a beta of 1.80. Green Brick Partners, Inc. has a 52-week low of $48.38 and a 52-week high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings data 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). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company had revenue of $523.70 million for the quarter, compared to the consensus estimate of $539.86 million. During the same quarter last year, the firm posted $1.56 earnings per share. The company's revenue was up 25.0% compared to the same quarter last year. Equities analysts expect that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.