Hotchkis & Wiley Capital Management LLC Has $10.08 Million Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Hotchkis & Wiley Capital Management LLC increased its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,741 shares of the financial services provider’s stock after acquiring an additional 2,880 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.27% of Green Brick Partners worth $10,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Green Brick Partners during the third quarter worth $1,352,000. Assenagon Asset Management S.A. raised its holdings in shares of Green Brick Partners by 22.0% during the second quarter. Assenagon Asset Management S.A. now owns 79,697 shares of the financial services provider’s stock worth $4,562,000 after acquiring an additional 14,376 shares during the period. Empowered Funds LLC acquired a new stake in Green Brick Partners in the 3rd quarter valued at $4,065,000. Caxton Associates LP acquired a new stake in Green Brick Partners in the 2nd quarter valued at $858,000. Finally, SG Americas Securities LLC acquired a new stake in Green Brick Partners in the 3rd quarter valued at $679,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday.

Green Brick Partners Stock Down 2.6 %

Shares of GRBK stock opened at $69.77 on Thursday. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 1 year low of $48.30 and a 1 year high of $84.66. The firm’s fifty day moving average price is $75.05 and its two-hundred day moving average price is $69.47. The firm has a market capitalization of $3.10 billion, a P/E ratio of 9.06 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). The firm had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.56 earnings per share. On average, equities analysts predict that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.

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.