Green Brick Partners, Inc. $GRBK Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 17.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,290 shares of the financial services provider’s stock after acquiring an additional 34,433 shares during the period. JPMorgan Chase & Co. owned approximately 0.53% of Green Brick Partners worth $17,157,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC purchased a new stake in Green Brick Partners during the third quarter worth $2,975,000. Public Sector Pension Investment Board raised its stake in shares of Green Brick Partners by 15.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 118,971 shares of the financial services provider’s stock worth $8,787,000 after buying an additional 15,667 shares during the last quarter. LSV Asset Management boosted its position in shares of Green Brick Partners by 12.7% in the 3rd quarter. LSV Asset Management now owns 24,900 shares of the financial services provider’s stock worth $1,839,000 after buying an additional 2,800 shares in the last quarter. Cibc World Market Inc. purchased a new stake in shares of Green Brick Partners in the 3rd quarter worth about $220,000. Finally, MQS Management LLC acquired a new stake in Green Brick Partners in the 3rd quarter valued at about $454,000. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Trading Down 0.9%

Shares of GRBK stock opened at $71.75 on Wednesday. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.32 and a beta of 1.99. 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 firm has a 50-day moving average price of $71.77 and a 200 day moving average price of $69.27. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $80.97.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.11. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 earnings per share. Research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, BTIG Research began coverage on shares of Green Brick Partners in a research report on Monday, December 1st. They set a “neutral” rating for the company. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.00.

About Green Brick Partners

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.