BidaskClub Downgrades Green Brick Partners (GRBK) to Sell

Green Brick Partners (NASDAQ:GRBK) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday, September 14th.

Other equities research analysts also recently issued research reports about the company. Citigroup raised Green Brick Partners from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $12.00 in a report on Thursday, August 9th. 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. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $11.33.

NASDAQ:GRBK traded down $0.03 during trading hours on Friday, reaching $9.92. 289,188 shares of the company were exchanged, compared to its average volume of 131,157. The company has a market capitalization of $512.27 million, a P/E ratio of 8.42 and a beta of 1.55. Green Brick Partners has a 1-year low of $8.93 and a 1-year high of $12.50.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Monday, August 6th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping 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%.

Several hedge funds have recently modified their holdings of GRBK. Elgethun Capital Management acquired a new stake in shares of Green Brick Partners in the 2nd quarter valued at $107,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Green Brick Partners in the 2nd quarter valued at $114,000. Shikiar Asset Management Inc. acquired a new stake in shares of Green Brick Partners in the 2nd quarter valued at $120,000. MetLife Investment Advisors LLC acquired a new stake in shares of Green Brick Partners during the 2nd quarter valued at $129,000. Finally, Zebra Capital Management LLC boosted its holdings in shares of 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 valued at $205,000 after acquiring an additional 5,307 shares in 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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