Harbor Capital Advisors Inc. Buys 4,811 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Harbor Capital Advisors Inc. boosted its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,522 shares of the financial services provider’s stock after purchasing an additional 4,811 shares during the period. Harbor Capital Advisors Inc. owned about 0.50% of Green Brick Partners worth $12,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GRBK. Assenagon Asset Management S.A. grew its holdings in shares of Green Brick Partners by 206.8% during the third quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider’s stock worth $20,424,000 after buying an additional 164,840 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Green Brick Partners by 68.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider’s stock worth $24,437,000 after acquiring an additional 118,858 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Green Brick Partners by 195.3% in the second quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock valued at $9,580,000 after purchasing an additional 110,680 shares during the last quarter. State Street Corp lifted its position in shares of Green Brick Partners by 5.8% in the third quarter. State Street Corp now owns 1,737,812 shares of the financial services provider’s stock worth $145,142,000 after purchasing an additional 94,834 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Green Brick Partners by 9.1% during the third quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider’s stock worth $59,324,000 after purchasing an additional 59,098 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Stock Down 1.9 %

Shares of NASDAQ:GRBK traded down $1.07 during midday trading on Friday, hitting $54.40. The stock had a trading volume of 121,893 shares, compared to its average volume of 248,034. The company has a market cap of $2.42 billion, a P/E ratio of 7.06 and a beta of 1.84. Green Brick Partners, Inc. has a 12 month low of $48.38 and a 12 month high of $84.66. The business’s 50-day simple moving average is $65.06 and its 200-day simple moving average is $70.15. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.09). The firm had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted $1.56 earnings per share. On average, sell-side analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, JMP Securities restated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

Green Brick Partners 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.