Edmond DE Rothschild Holding S.A. purchased a new position in shares of GreenSky Inc (NASDAQ:GSKY) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $3,828,000.
Several other large investors also recently bought and sold shares of the company. Advisor Group Inc. grew its stake in shares of GreenSky by 140.1% during the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock worth $34,000 after purchasing an additional 2,011 shares during the period. JOYN Advisors Inc. grew its stake in GreenSky by 76.5% in the 4th quarter. JOYN Advisors Inc. now owns 7,500 shares of the company’s stock valued at $72,000 after acquiring an additional 3,250 shares during the last quarter. Royce & Associates LP acquired a new stake in GreenSky in the 4th quarter valued at about $55,000. Verity Asset Management Inc. grew its stake in GreenSky by 57.3% in the 4th quarter. Verity Asset Management Inc. now owns 23,150 shares of the company’s stock valued at $222,000 after acquiring an additional 8,431 shares during the last quarter. Finally, California Public Employees Retirement System acquired a new stake in GreenSky in the 2nd quarter valued at about $212,000. 31.70% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently commented on GSKY. Zacks Investment Research cut shares of GreenSky from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Sandler O’Neill raised shares of GreenSky from a “hold” rating to a “buy” rating in a research note on Monday, December 10th. Finally, SunTrust Banks increased their price objective on shares of GreenSky to $14.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.85.
Shares of NASDAQ GSKY opened at $12.83 on Friday. The stock has a market capitalization of $2.42 billion and a P/E ratio of 183.29. GreenSky Inc has a 52 week low of $8.30 and a 52 week high of $27.01.
GreenSky (NASDAQ:GSKY) last released its earnings results on Tuesday, March 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $109.70 million for the quarter, compared to analyst estimates of $103.02 million. GreenSky had a net margin of 8.99% and a negative return on equity of 36.52%. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities analysts anticipate that GreenSky Inc will post 0.71 earnings per share for the current year.
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GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.
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