AlphaQuest LLC Acquires Shares of 4,822 Green Brick Partners, Inc. (NASDAQ:GRBK)

AlphaQuest LLC acquired a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,822 shares of the financial services provider’s stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Amundi bought a new position in shares of Green Brick Partners during the fourth quarter worth about $1,326,000. PNC Financial Services Group Inc. raised its stake in Green Brick Partners by 207.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider’s stock valued at $96,000 after buying an additional 1,149 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in Green Brick Partners by 549.1% during the 4th quarter. Edgestream Partners L.P. now owns 90,218 shares of the financial services provider’s stock worth $5,096,000 after buying an additional 76,318 shares during the last quarter. Inceptionr LLC grew its position in shares of Green Brick Partners by 95.0% in the 4th quarter. Inceptionr LLC now owns 6,782 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 3,304 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Green Brick Partners in the 4th quarter valued at approximately $9,488,000. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Stock Up 1.2 %

Shares of Green Brick Partners stock opened at $57.97 on Friday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 7.53 and a beta of 1.89. Green Brick Partners, Inc. has a twelve month low of $51.76 and a twelve month high of $84.66. 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 business’s 50 day simple moving average is $59.32 and its 200-day simple moving average is $67.77.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GRBK shares. Wedbush restated a “neutral” rating and set a $70.00 price objective on shares of Green Brick Partners in a research note on Friday, February 28th. JMP Securities restated a “market perform” rating on shares of Green Brick Partners in a research report 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.