Green Brick Partners, Inc. $GRBK Position Increased by Renaissance Group LLC

Renaissance Group LLC boosted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 9.1% in the third quarter, HoldingsChannel reports. The firm owned 112,998 shares of the financial services provider’s stock after purchasing an additional 9,447 shares during the quarter. Renaissance Group LLC’s holdings in Green Brick Partners were worth $8,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of Green Brick Partners by 7.4% during the first quarter. Royal Bank of Canada now owns 9,915 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 683 shares during the period. AQR Capital Management LLC lifted its position in Green Brick Partners by 91.5% in the 1st 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 last quarter. Goldman Sachs Group Inc. boosted its stake in Green Brick Partners by 13.2% during the 1st 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 boosted its stake in Green Brick Partners by 7.8% during the 1st 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 valued at $3,825,000 after purchasing an additional 4,763 shares during the period. Finally, Inspire Investing LLC grew its position in Green Brick Partners by 4.6% in the 2nd quarter. Inspire Investing LLC now owns 6,189 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 273 shares during the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BTIG Research began coverage on Green Brick Partners in a report on Monday, December 1st. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Green Brick Partners has a consensus rating of “Hold” and an average price target of $66.00.

Green Brick Partners Stock Performance

Shares of GRBK opened at $75.55 on Friday. The firm has a market capitalization of $3.29 billion, a PE ratio of 9.81 and a beta of 1.99. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $67.89 and a 200 day moving average price of $67.94. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $77.93.

Green Brick Partners Company Profile

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.