Edmond DE Rothschild Holding S.A. Purchases Shares of 400,000 GreenSky Inc (GSKY)

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 Profile

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.

Read More: Book Value Per Share in Stock Trading

Want to see what other hedge funds are holding GSKY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GreenSky Inc (NASDAQ:GSKY).

Institutional Ownership by Quarter for GreenSky (NASDAQ:GSKY)

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