Victory Capital Management Inc. lifted its position in shares of GreenSky, Inc. (NASDAQ:GSKY) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,089 shares of the company’s stock after buying an additional 3,079 shares during the period. Victory Capital Management Inc.’s holdings in GreenSky were worth $230,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. UBS Oconnor LLC increased its holdings in shares of GreenSky by 31.4% during the 4th quarter. UBS Oconnor LLC now owns 6,953,855 shares of the company’s stock worth $32,196,000 after buying an additional 1,662,524 shares during the last quarter. Walleye Capital LLC increased its holdings in GreenSky by 164.0% in the 4th quarter. Walleye Capital LLC now owns 1,365,244 shares of the company’s stock valued at $6,321,000 after purchasing an additional 848,082 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in GreenSky by 0.7% in the 4th quarter. Nuveen Asset Management LLC now owns 288,074 shares of the company’s stock valued at $1,334,000 after purchasing an additional 1,982 shares in the last quarter. Wells Fargo & Company MN increased its holdings in GreenSky by 33.3% in the 4th quarter. Wells Fargo & Company MN now owns 151,343 shares of the company’s stock valued at $700,000 after purchasing an additional 37,777 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in GreenSky by 97.3% in the 4th quarter. Citigroup Inc. now owns 41,141 shares of the company’s stock valued at $190,000 after purchasing an additional 20,285 shares in the last quarter. Institutional investors and hedge funds own 31.18% of the company’s stock.
Shares of GreenSky stock opened at $5.94 on Friday. The firm’s 50-day simple moving average is $6.05. The firm has a market capitalization of $1.10 billion, a P/E ratio of 25.83 and a beta of 1.67. GreenSky, Inc. has a 1-year low of $3.34 and a 1-year high of $7.40.
Several analysts recently issued reports on the company. Citigroup increased their price target on GreenSky from $4.00 to $5.00 in a report on Thursday, March 11th. Zacks Investment Research downgraded GreenSky from a “buy” rating to a “hold” rating in a report on Friday, May 21st. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.64.
GreenSky, Inc, a technology company, that enables promotional financing at the point of sale for merchants, consumers, and bank partners. It offers a proprietary technology infrastructure that supports 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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