Cubist Systematic Strategies LLC acquired a new stake in Green Brick Partners Inc (NASDAQ:GRBK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,612 shares of the financial services provider’s stock, valued at approximately $114,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Shepherd Kaplan Krochuk LLC purchased a new position in shares of Green Brick Partners in the 2nd quarter valued at about $543,000. Laurion Capital Management LP purchased a new position in shares of Green Brick Partners in the 2nd quarter valued at about $490,000. Renaissance Technologies LLC purchased a new position in shares of Green Brick Partners in the 2nd quarter valued at about $364,000. Citadel Advisors LLC purchased a new position in shares of Green Brick Partners in the 2nd quarter valued at about $6,500,000. Finally, Ariel Investments LLC boosted its stake in shares of Green Brick Partners by 61.5% in the 2nd quarter. Ariel Investments LLC now owns 1,718,846 shares of the financial services provider’s stock valued at $16,845,000 after buying an additional 654,853 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.
Several brokerages have recently issued reports on GRBK. BidaskClub upgraded Green Brick Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, June 19th. Citigroup lifted their price objective on Green Brick Partners from $11.50 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, June 20th. Finally, Credit Suisse Group began coverage on Green Brick Partners in a research note on Friday, August 24th. They issued a “neutral” rating and a $9.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Green Brick Partners has a consensus rating of “Buy” and an average price target of $11.33.
GRBK stock opened at $10.10 on Friday. The company has a market cap of $512.27 million, a P/E ratio of 8.42 and a beta of 1.55. Green Brick Partners Inc has a fifty-two week low of $8.93 and a fifty-two week high of $12.50.
Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Monday, August 6th. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $155.01 million during the quarter. Green Brick Partners had a return on equity of 13.67% and a net margin of 5.09%.
Green Brick Partners Profile
Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.
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