Green Brick Partners (NASDAQ:GRBK) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other analysts also recently issued reports on the stock. Credit Suisse Group initiated coverage on shares of Green Brick Partners in a research report on Friday, August 24th. They issued a “neutral” rating and a $9.00 price target for the company. Citigroup reduced their price target on shares of Green Brick Partners from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, July 23rd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Green Brick Partners has an average rating of “Buy” and an average target price of $11.33.

NASDAQ GRBK opened at $10.10 on Friday. Green Brick Partners has a 12-month low of $8.93 and a 12-month high of $12.50. The firm has a market capitalization of $512.27 million, a P/E ratio of 8.42 and a beta of 1.55.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Monday, August 6th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. Green Brick Partners had a net margin of 5.09% and a return on equity of 13.67%. The business had revenue of $155.01 million during the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the business. Elgethun Capital Management purchased a new position in Green Brick Partners during the 2nd quarter worth $107,000. Cubist Systematic Strategies LLC purchased a new position in Green Brick Partners during the 2nd quarter worth $114,000. Shikiar Asset Management Inc. purchased a new position in Green Brick Partners during the 2nd quarter worth $120,000. MetLife Investment Advisors LLC purchased a new position in Green Brick Partners during the 2nd quarter worth $129,000. Finally, Zebra Capital Management LLC boosted its holdings in Green Brick Partners by 34.1% during the 2nd quarter. Zebra Capital Management LLC now owns 20,886 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 5,307 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

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, 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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