2,703,721 Shares in GreenSky Inc (GSKY) Purchased by Norges Bank

Norges Bank acquired a new position in shares of GreenSky Inc (NASDAQ:GSKY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,703,721 shares of the company’s stock, valued at approximately $25,874,000. Norges Bank owned approximately 1.45% of GreenSky at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. UBS Oconnor LLC increased its holdings in GreenSky by 385.1% during the 4th quarter. UBS Oconnor LLC now owns 2,590,400 shares of the company’s stock worth $24,790,000 after purchasing an additional 2,056,400 shares during the last quarter. CI Investments Inc. purchased a new stake in GreenSky during the 4th quarter worth approximately $996,000. Legal & General Group Plc purchased a new stake in GreenSky during the 4th quarter worth approximately $1,674,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd purchased a new stake in GreenSky during the 4th quarter worth approximately $1,516,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in GreenSky during the 4th quarter worth approximately $3,749,000. Hedge funds and other institutional investors own 33.15% of the company’s stock.

Shares of NASDAQ GSKY opened at $15.23 on Friday. GreenSky Inc has a twelve month low of $8.30 and a twelve month high of $27.01. The company has a market capitalization of $2.84 billion and a PE ratio of 217.57.

GreenSky (NASDAQ:GSKY) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.11 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.11. GreenSky had a negative return on equity of 45.61% and a net margin of 8.99%. The business had revenue of $109.70 million during the quarter, compared to the consensus estimate of $103.02 million. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, sell-side analysts predict that GreenSky Inc will post 0.71 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on GSKY shares. Zacks Investment Research downgraded GreenSky from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. SunTrust Banks lifted their price objective on GreenSky to $14.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Citigroup lifted their price objective on GreenSky from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $20.12.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thelincolnianonline.com/2019/04/21/2703721-shares-in-greensky-inc-gsky-purchased-by-norges-bank.html.

About GreenSky

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.

Featured Story: What is a Leveraged Buyout (LBO)?

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)

Receive News & Ratings for GreenSky Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenSky and related companies with MarketBeat.com's FREE daily email newsletter.