Vanguard Group Inc. Sells 22,803 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Vanguard Group Inc. reduced its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,247,199 shares of the financial services provider's stock after selling 22,803 shares during the quarter. Vanguard Group Inc. owned about 5.05% of Green Brick Partners worth $126,944,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GRBK. Lakewood Asset Management LLC grew its holdings in shares of Green Brick Partners by 2.4% during the 4th quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider's stock worth $467,000 after purchasing an additional 193 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in 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 worth $79,000 after buying an additional 289 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in 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 valued at $531,000 after buying an additional 400 shares during the period. Cavalier Investments LLC increased its holdings 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 valued at $683,000 after buying an additional 480 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of Green Brick Partners by 4.3% in the 4th quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider's stock valued at $729,000 after buying an additional 528 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Green Brick Partners Price Performance

Green Brick Partners stock traded up $0.67 during mid-day trading on Friday, hitting $55.71. 353,503 shares of the company were exchanged, compared to its average volume of 380,709. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The company has a market capitalization of $2.48 billion, a PE ratio of 7.23 and a beta of 1.82. The business has a fifty day moving average of $58.64 and a 200 day moving average of $64.59. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

About Green Brick Partners

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.