BlackRock Inc. Has $8.76 Million Stake in GreenSky Inc (GSKY)
BlackRock Inc. trimmed its holdings in GreenSky Inc (NASDAQ:GSKY) by 52.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 915,218 shares of the company’s stock after selling 999,327 shares during the period. BlackRock Inc.’s holdings in GreenSky were worth $8,760,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in GreenSky during the fourth quarter valued at approximately $120,000. Malaga Cove Capital LLC acquired a new position in GreenSky during the fourth quarter valued at approximately $248,000. Virtu Financial LLC raised its position in GreenSky by 72.9% during the fourth quarter. Virtu Financial LLC now owns 28,255 shares of the company’s stock valued at $270,000 after purchasing an additional 11,915 shares in the last quarter. Jane Street Group LLC acquired a new position in GreenSky during the third quarter valued at approximately $493,000. Finally, Algert Global LLC acquired a new position in GreenSky during the fourth quarter valued at approximately $783,000. Institutional investors own 33.15% of the company’s stock.
Several research analysts have commented on the stock. Citigroup boosted their price objective on shares of GreenSky from $14.00 to $16.50 and gave the company a “buy” rating in a research report on Wednesday, April 17th. SunTrust Banks boosted their price objective on shares of GreenSky to $14.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research downgraded shares of GreenSky from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $20.12.
GreenSky (NASDAQ:GSKY) last posted its earnings results on Tuesday, March 5th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $109.70 million for the quarter, compared to analysts’ expectations of $103.02 million. GreenSky had a net margin of 8.99% and a negative return on equity of 45.61%. The company’s revenue was up 22.2% on a year-over-year basis. On average, sell-side analysts expect that GreenSky Inc will post 0.71 EPS 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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