Assenagon Asset Management S.A. Decreases Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Assenagon Asset Management S.A. trimmed its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,264 shares of the financial services provider’s stock after selling 59,273 shares during the period. Assenagon Asset Management S.A.’s holdings in Green Brick Partners were worth $10,466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GRBK. JPMorgan Chase & Co. lifted its stake in shares of Green Brick Partners by 68.4% in the third quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider’s stock worth $24,437,000 after buying an additional 118,858 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Green Brick Partners by 114.9% in the third quarter. Harbor Capital Advisors Inc. now owns 215,711 shares of the financial services provider’s stock worth $18,016,000 after buying an additional 115,318 shares in the last quarter. Marshall Wace LLP lifted its stake 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 worth $9,580,000 after buying an additional 110,680 shares in the last quarter. State Street Corp lifted its stake 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 buying an additional 94,834 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Green Brick Partners by 9.1% in the third quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider’s stock worth $59,324,000 after buying an additional 59,098 shares in the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $59.84 on Friday. 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 company’s 50-day moving average price is $63.49 and its 200-day moving average price is $70.31. Green Brick Partners, Inc. has a twelve month low of $48.66 and a twelve month high of $84.66. The company has a market cap of $2.66 billion, a P/E ratio of 7.77 and a beta of 1.84.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $539.86 million. During the same period last year, the firm earned $1.56 earnings per share. Green Brick Partners’s revenue for the quarter was up 25.0% on a year-over-year basis. 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 reissued a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

Green Brick Partners Company 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.