Green Brick Partners, Inc. (NASDAQ:GRBK) Stake Lessened by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co trimmed its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.3% during the fourth quarter, HoldingsChannel reports. The fund owned 36,067 shares of the financial services provider’s stock after selling 859 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Green Brick Partners were worth $2,037,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Green Brick Partners by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider’s stock worth $22,462,000 after purchasing an additional 33,152 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Green Brick Partners by 68.4% during the third quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider’s stock valued at $24,437,000 after buying an additional 118,858 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in Green Brick Partners by 26.5% during the 4th quarter. Annex Advisory Services LLC now owns 271,931 shares of the financial services provider’s stock worth $15,361,000 after buying an additional 57,045 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Green Brick Partners by 2.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 220,522 shares of the financial services provider’s stock worth $12,457,000 after acquiring an additional 4,811 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Green Brick Partners during the 4th quarter valued at approximately $9,488,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.

Green Brick Partners Stock Performance

Shares of GRBK stock opened at $57.51 on Monday. The company has a market cap of $2.56 billion, a P/E ratio of 7.47 and a beta of 1.82. The business has a 50 day moving average of $57.99 and a two-hundred day moving average of $62.92. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $84.66. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

About Green Brick Partners

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.