316,500 Shares in GreenSky Inc (GSKY) Purchased by Korea Investment CORP

Korea Investment CORP acquired a new position in GreenSky Inc (NASDAQ:GSKY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 316,500 shares of the company’s stock, valued at approximately $5,697,000. Korea Investment CORP owned 0.17% of GreenSky at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GSKY. Waddell & Reed Financial Inc. acquired a new position in shares of GreenSky in the second quarter worth approximately $40,116,000. Federated Investors Inc. PA acquired a new position in shares of GreenSky in the second quarter worth approximately $34,363,000. Millennium Management LLC acquired a new position in shares of GreenSky in the second quarter worth approximately $27,892,000. BlackRock Inc. acquired a new position in shares of GreenSky in the second quarter worth approximately $27,650,000. Finally, TPG Group Holdings SBS Advisors Inc. acquired a new position in shares of GreenSky in the second quarter worth approximately $26,606,000. 35.19% of the stock is currently owned by institutional investors.

Shares of GSKY opened at $9.29 on Tuesday. GreenSky Inc has a 52-week low of $8.55 and a 52-week high of $27.01.

GreenSky (NASDAQ:GSKY) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $113.91 million during the quarter, compared to analyst estimates of $121.28 million. GreenSky’s revenue was up 29.0% compared to the same quarter last year. On average, equities research analysts anticipate that GreenSky Inc will post 0.57 EPS for the current year.

In other GreenSky news, insider Dennis I. Kelly purchased 27,000 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were purchased at an average cost of $9.06 per share, with a total value of $244,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of research firms recently commented on GSKY. Zacks Investment Research lowered GreenSky from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Cowen raised GreenSky from a “neutral” rating to a “buy” rating in a research note on Thursday, August 16th. Compass Point lowered GreenSky from a “buy” rating to a “neutral” rating and dropped their price target for the company from $22.00 to $11.00 in a research note on Wednesday, November 7th. Morgan Stanley lowered GreenSky from an “overweight” rating to an “equal weight” rating and set a $10.00 price target on the stock. in a research note on Thursday, November 8th. Finally, Sandler O’Neill reissued a “hold” rating and issued a $20.00 price target on shares of GreenSky in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.62.

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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.

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Institutional Ownership by Quarter for GreenSky (NASDAQ:GSKY)

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