GreenSky Inc (GSKY) Stake Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in shares of GreenSky Inc (NASDAQ:GSKY) by 136.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 510,100 shares of the company’s stock after acquiring an additional 294,300 shares during the period. Two Sigma Advisers LP’s holdings in GreenSky were worth $4,882,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of GreenSky by 46.4% in the third quarter. BlackRock Inc. now owns 1,914,545 shares of the company’s stock worth $34,463,000 after buying an additional 607,173 shares in the last quarter. Korea Investment CORP bought a new position in shares of GreenSky in the third quarter worth approximately $5,697,000. Virtu Financial LLC bought a new position in shares of GreenSky in the third quarter worth approximately $294,000. Franklin Resources Inc. increased its position in shares of GreenSky by 47.4% in the third quarter. Franklin Resources Inc. now owns 2,899,243 shares of the company’s stock worth $52,186,000 after purchasing an additional 932,592 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of GreenSky in the third quarter worth approximately $953,000. Institutional investors and hedge funds own 33.15% of the company’s stock.

GSKY stock opened at $13.21 on Tuesday. The company has a market capitalization of $2.41 billion and a P/E ratio of 188.71. GreenSky Inc has a 1-year low of $8.30 and a 1-year high of $27.01.

GreenSky (NASDAQ:GSKY) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. GreenSky had a net margin of 8.99% and a negative return on equity of 45.61%. The company had revenue of $109.70 million for the quarter, compared to analysts’ expectations of $103.02 million. GreenSky’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts anticipate that GreenSky Inc will post 0.71 EPS for the current year.

Several research analysts recently weighed in on the stock. SunTrust Banks upped their price objective on shares of GreenSky to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Zacks Investment Research cut shares of GreenSky from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Sandler O’Neill upgraded shares of GreenSky from a “hold” rating to a “buy” rating in a research report on Monday, December 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. GreenSky currently has a consensus rating of “Buy” and an average price target of $20.85.

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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.

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Institutional Ownership by Quarter for GreenSky (NASDAQ:GSKY)

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