Mycio Wealth Partners LLC Makes New Investment in GreenSky Inc (NASDAQ:GSKY)

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Mycio Wealth Partners LLC bought a new position in shares of GreenSky Inc (NASDAQ:GSKY) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 29,891 shares of the company’s stock, valued at approximately $367,000.

A number of other large investors also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its holdings in shares of GreenSky by 81.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,943 shares of the company’s stock valued at $25,000 after acquiring an additional 872 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in shares of GreenSky by 100.0% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock valued at $52,000 after acquiring an additional 2,000 shares during the last quarter. Cowen Prime Services LLC boosted its holdings in shares of GreenSky by 100.0% in the 1st quarter. Cowen Prime Services LLC now owns 4,000 shares of the company’s stock valued at $52,000 after acquiring an additional 2,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of GreenSky in the 2nd quarter valued at $76,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of GreenSky in the 1st quarter valued at $83,000. 37.72% of the stock is currently owned by institutional investors.

Shares of GSKY traded down $0.03 during trading hours on Thursday, hitting $7.25. The stock had a trading volume of 7,919 shares, compared to its average volume of 2,293,265. The firm has a 50-day moving average price of $10.29 and a 200 day moving average price of $12.00. GreenSky Inc has a fifty-two week low of $5.74 and a fifty-two week high of $21.70. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 102.86, a PEG ratio of 0.48 and a beta of 1.92.

GreenSky (NASDAQ:GSKY) last posted its earnings results on Tuesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.31. The firm had revenue of $138.70 million during the quarter, compared to analysts’ expectations of $140.76 million. GreenSky had a net margin of 7.28% and a negative return on equity of 93.12%. The business’s revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. As a group, research analysts expect that GreenSky Inc will post 0.57 EPS for the current fiscal year.

Several equities analysts recently issued reports on the stock. Citigroup cut shares of GreenSky from a “buy” rating to a “neutral” rating and decreased their target price for the company from $16.50 to $7.50 in a research note on Wednesday, August 7th. Sandler O’Neill cut shares of GreenSky from a “buy” rating to a “hold” rating and decreased their target price for the company from $14.00 to $7.00 in a research note on Tuesday, August 6th. Zacks Investment Research cut shares of GreenSky from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Guggenheim cut shares of GreenSky from a “buy” rating to a “neutral” rating and boosted their target price for the company from $13.75 to $13.76 in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of GreenSky from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. GreenSky currently has a consensus rating of “Hold” and a consensus target price of $12.66.

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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