American Century Companies Inc. Buys 18,262 Shares of Green Brick Partners, Inc. $GRBK

American Century Companies Inc. lifted its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 46.6% in the second quarter, Holdings Channel reports. The firm owned 57,428 shares of the financial services provider’s stock after buying an additional 18,262 shares during the period. American Century Companies Inc.’s holdings in Green Brick Partners were worth $3,611,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GRBK. Cetera Investment Advisers lifted its holdings in shares of Green Brick Partners by 26.4% in the 1st quarter. Cetera Investment Advisers now owns 5,368 shares of the financial services provider’s stock worth $313,000 after buying an additional 1,122 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Green Brick Partners by 10.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider’s stock valued at $25,581,000 after acquiring an additional 41,083 shares in the last quarter. Cynosure Group LLC lifted its stake in Green Brick Partners by 9.1% in the first quarter. Cynosure Group LLC now owns 5,725 shares of the financial services provider’s stock worth $334,000 after acquiring an additional 478 shares during the period. Covestor Ltd lifted its stake in Green Brick Partners by 55.1% in the first quarter. Covestor Ltd now owns 2,457 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 873 shares during the period. Finally, Invesco Ltd. grew its holdings in Green Brick Partners by 0.9% during the 1st quarter. Invesco Ltd. now owns 262,783 shares of the financial services provider’s stock worth $15,323,000 after acquiring an additional 2,230 shares in the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BTIG Research began coverage on shares of Green Brick Partners in a report on Monday, December 1st. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Green Brick Partners presently has an average rating of “Hold” and an average price target of $66.00.

Green Brick Partners Trading Down 2.0%

Shares of NASDAQ GRBK opened at $64.41 on Tuesday. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $77.93. The business has a fifty day moving average price of $66.53 and a 200 day moving average price of $66.14. The stock has a market capitalization of $2.81 billion, a P/E ratio of 8.36 and a beta of 2.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.29. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 earnings per share. Equities research analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

About Green Brick Partners

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.