Morgan Stanley Has $667,000 Stock Holdings in Green Brick Partners Inc (NASDAQ:GRBK)

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Morgan Stanley increased its position in shares of Green Brick Partners Inc (NASDAQ:GRBK) by 1.6% during the 1st quarter, HoldingsChannel reports. The fund owned 82,898 shares of the financial services provider’s stock after purchasing an additional 1,334 shares during the quarter. Morgan Stanley’s holdings in Green Brick Partners were worth $667,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GRBK. BlackRock Inc. lifted its stake in shares of Green Brick Partners by 19.3% during the first quarter. BlackRock Inc. now owns 2,093,981 shares of the financial services provider’s stock valued at $16,858,000 after acquiring an additional 338,463 shares during the period. Mackay Shields LLC acquired a new stake in shares of Green Brick Partners in the first quarter valued at approximately $790,000. Tieton Capital Management LLC lifted its holdings in Green Brick Partners by 33.7% during the 1st quarter. Tieton Capital Management LLC now owns 369,430 shares of the financial services provider’s stock worth $2,974,000 after purchasing an additional 93,116 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Green Brick Partners by 54.0% during the 1st quarter. Nuveen Asset Management LLC now owns 212,034 shares of the financial services provider’s stock worth $1,707,000 after purchasing an additional 74,340 shares during the last quarter. Finally, Bowling Portfolio Management LLC lifted its holdings in Green Brick Partners by 545.8% during the 1st quarter. Bowling Portfolio Management LLC now owns 85,140 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 71,956 shares during the last quarter. 81.59% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. BidaskClub raised Green Brick Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. JMP Securities started coverage on Green Brick Partners in a research note on Tuesday, July 14th. They set an “outperform” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. upgraded Green Brick Partners from a “neutral” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research note on Thursday, June 11th. BTIG Research raised their price objective on Green Brick Partners from $14.00 to $16.00 in a research note on Tuesday, July 21st. Finally, TheStreet upgraded Green Brick Partners from a “c” rating to a “b-” rating in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $15.00.

Shares of GRBK stock opened at $13.80 on Friday. The firm has a market capitalization of $698.56 million, a P/E ratio of 11.69 and a beta of 1.33. Green Brick Partners Inc has a twelve month low of $5.66 and a twelve month high of $14.75. The company has a quick ratio of 0.37, a current ratio of 2.69 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $12.34 and its 200 day simple moving average is $10.47.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $213.27 million for the quarter, compared to analyst estimates of $207.36 million. Green Brick Partners had a return on equity of 11.77% and a net margin of 7.41%. As a group, equities research analysts expect that Green Brick Partners Inc will post 1.63 EPS for the current fiscal year.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

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Institutional Ownership by Quarter for Green Brick Partners (NASDAQ:GRBK)

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