Cubist Systematic Strategies LLC Takes $114,000 Position in Green Brick Partners Inc (GRBK)
Cubist Systematic Strategies LLC acquired a new stake in Green Brick Partners Inc (NASDAQ:GRBK) in the second quarter, Holdings Channel reports. The firm acquired 11,612 shares of the financial services provider’s stock, valued at approximately $114,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GRBK. Elgethun Capital Management acquired a new position in shares of Green Brick Partners in the second quarter valued at approximately $107,000. Shikiar Asset Management Inc. acquired a new position in shares of Green Brick Partners in the second quarter valued at approximately $120,000. Renaissance Technologies LLC acquired a new position in shares of Green Brick Partners in the second quarter valued at approximately $364,000. Swiss National Bank increased its holdings in shares of Green Brick Partners by 42.9% in the second quarter. Swiss National Bank now owns 39,000 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 11,700 shares during the period. Finally, Third Avenue Management LLC acquired a new position in shares of Green Brick Partners in the second quarter valued at approximately $490,000. Institutional investors own 76.26% of the company’s stock.
GRBK has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on Green Brick Partners in a report on Friday, August 24th. They issued a “neutral” rating and a $9.00 target price on the stock. Citigroup boosted their target price on Green Brick Partners from $11.50 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, June 20th. Finally, BidaskClub raised Green Brick Partners from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Green Brick Partners has a consensus rating of “Buy” and a consensus target price of $11.33.
Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Monday, August 6th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.14. The business had revenue of $155.01 million for the quarter. Green Brick Partners had a return on equity of 13.67% and a net margin of 5.09%.
About Green Brick Partners
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, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.
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