Green Brick Partners, Inc. $GRBK Shares Purchased by Renaissance Group LLC

Renaissance Group LLC grew its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,998 shares of the financial services provider’s stock after acquiring an additional 9,447 shares during the period. Renaissance Group LLC owned about 0.26% of Green Brick Partners worth $8,346,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GRBK. Ranger Investment Management L.P. boosted its holdings in Green Brick Partners by 101.0% in the third quarter. Ranger Investment Management L.P. now owns 117,030 shares of the financial services provider’s stock valued at $8,644,000 after purchasing an additional 58,815 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Green Brick Partners by 45.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 863 shares of the financial services provider’s stock valued at $64,000 after buying an additional 270 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Green Brick Partners by 16.5% during the third quarter. Envestnet Asset Management Inc. now owns 34,749 shares of the financial services provider’s stock worth $2,567,000 after buying an additional 4,916 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Green Brick Partners by 1.0% in the third quarter. Allianz Asset Management GmbH now owns 132,634 shares of the financial services provider’s stock worth $9,796,000 after buying an additional 1,324 shares during the last quarter. Finally, State of Wyoming raised its holdings in Green Brick Partners by 2.9% in the third quarter. State of Wyoming now owns 21,542 shares of the financial services provider’s stock valued at $1,591,000 after acquiring an additional 605 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Green Brick Partners Stock Performance

Green Brick Partners stock opened at $75.55 on Friday. 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, Inc. has a 12 month low of $50.57 and a 12 month high of $77.93. The company has a fifty day moving average price of $67.89 and a two-hundred day moving average price of $67.94. The company has a market cap of $3.29 billion, a PE ratio of 9.81 and a beta of 1.99.

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.