JPMorgan Chase & Co. Increases Stock Holdings in Green Brick Partners, Inc. $GRBK

JPMorgan Chase & Co. boosted its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 17.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 232,290 shares of the financial services provider’s stock after buying an additional 34,433 shares during the quarter. JPMorgan Chase & Co.’s holdings in Green Brick Partners were worth $17,157,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Green Brick Partners by 7.4% in the 1st quarter. Royal Bank of Canada now owns 9,915 shares of the financial services provider’s stock valued at $579,000 after buying an additional 683 shares during the period. AQR Capital Management LLC grew its holdings in Green Brick Partners by 91.5% in the first quarter. AQR Capital Management LLC now owns 20,091 shares of the financial services provider’s stock valued at $1,172,000 after purchasing an additional 9,597 shares during the period. Goldman Sachs Group Inc. grew its holdings in Green Brick Partners by 13.2% in the first quarter. Goldman Sachs Group Inc. now owns 270,236 shares of the financial services provider’s stock valued at $15,757,000 after purchasing an additional 31,547 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Green Brick Partners by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,597 shares of the financial services provider’s stock worth $3,825,000 after purchasing an additional 4,763 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Green Brick Partners by 91.3% during the second quarter. Envestnet Asset Management Inc. now owns 29,833 shares of the financial services provider’s stock worth $1,876,000 after purchasing an additional 14,235 shares during the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Green Brick Partners Trading Down 0.9%

NASDAQ GRBK opened at $71.75 on Wednesday. The firm 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 debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $80.97. The company’s 50 day moving average price is $71.77 and its 200 day moving average price is $69.27.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.11. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period last year, the company earned $2.31 earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

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.