Partner Fund Management L.P. boosted its position in GreenSky Inc (NASDAQ:GSKY) by 150.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,038,160 shares of the company’s stock after buying an additional 1,225,832 shares during the period. Partner Fund Management L.P.’s holdings in GreenSky were worth $36,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS purchased a new stake in GreenSky in the second quarter valued at approximately $7,125,000. BlackRock Inc. acquired a new position in GreenSky in the second quarter valued at approximately $27,650,000. NumerixS Investment Technologies Inc acquired a new position in GreenSky in the second quarter valued at approximately $619,000. Soros Fund Management LLC acquired a new position in GreenSky in the second quarter valued at approximately $1,788,000. Finally, Laurion Capital Management LP acquired a new position in GreenSky in the second quarter valued at approximately $1,483,000. Hedge funds and other institutional investors own 35.19% of the company’s stock.

Shares of GSKY stock opened at $8.91 on Thursday. GreenSky Inc has a 1-year low of $8.55 and a 1-year high of $27.01.

GreenSky (NASDAQ:GSKY) last announced its earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $113.91 million for the quarter, compared to analyst estimates of $121.28 million. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, equities analysts predict that GreenSky Inc will post 0.57 earnings per share for the current fiscal year.

A number of brokerages have issued reports on GSKY. Credit Suisse Group decreased their price target on GreenSky from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Wednesday, August 8th. Sandler O’Neill reissued a “hold” rating and issued a $20.00 price target on shares of GreenSky in a report on Wednesday, August 8th. Compass Point reissued a “hold” rating and issued a $22.00 price target on shares of GreenSky in a report on Wednesday, August 8th. Citigroup decreased their price target on GreenSky from $28.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Finally, SunTrust Banks reissued a “buy” rating and issued a $30.00 price target on shares of GreenSky in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.62.

In other GreenSky news, insider Dennis I. Kelly bought 27,000 shares of GreenSky stock in a transaction dated Thursday, November 8th. The stock was acquired at an average cost of $9.06 per share, with a total value of $244,620.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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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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