TIAA CREF Investment Management LLC boosted its position in shares of Enova International (NYSE:ENVA) by 11.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 421,933 shares of the credit services provider’s stock after acquiring an additional 44,174 shares during the quarter. TIAA CREF Investment Management LLC owned about 1.26% of Enova International worth $6,413,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of ENVA. Ameriprise Financial Inc. lifted its holdings in shares of Enova International by 11.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock valued at $6,511,000 after buying an additional 50,818 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Enova International by 20.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock valued at $6,646,000 after buying an additional 84,514 shares during the period. SG Americas Securities LLC acquired a new position in shares of Enova International in the 4th quarter valued at about $236,000. Arizona State Retirement System lifted its holdings in shares of Enova International by 222.1% in the 4th quarter. Arizona State Retirement System now owns 56,244 shares of the credit services provider’s stock valued at $855,000 after buying an additional 38,780 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Enova International by 16.0% in the 4th quarter. Rhumbline Advisers now owns 76,987 shares of the credit services provider’s stock valued at $1,170,000 after buying an additional 10,636 shares during the period. 94.86% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on ENVA shares. Zacks Investment Research raised Enova International from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Friday, January 12th. Stephens reissued a “buy” rating and issued a $22.00 price objective on shares of Enova International in a report on Thursday, January 4th. Maxim Group reissued a “buy” rating and issued a $27.00 price objective (up previously from $23.00) on shares of Enova International in a report on Tuesday, February 20th. ValuEngine raised Enova International from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Finally, JMP Securities boosted their price objective on Enova International from $19.00 to $24.00 and gave the company a “market outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Enova International has an average rating of “Buy” and a consensus target price of $23.20.
In related news, Director Gregg A. Kaplan sold 19,222 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $23.01, for a total value of $442,298.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Tebbe sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $22.49, for a total value of $112,450.00. The disclosure for this sale can be found here. Insiders sold a total of 49,222 shares of company stock valued at $1,056,498 in the last ninety days. 5.60% of the stock is currently owned by insiders.
NYSE ENVA opened at $22.65 on Monday. The stock has a market capitalization of $762.14, a P/E ratio of 20.22 and a beta of 2.85. Enova International has a twelve month low of $11.15 and a twelve month high of $23.65. The company has a quick ratio of 9.31, a current ratio of 9.31 and a debt-to-equity ratio of 2.80.
Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $243.69 million during the quarter, compared to analysts’ expectations of $230.97 million. Enova International had a return on equity of 14.11% and a net margin of 3.47%. Enova International’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. equities research analysts expect that Enova International will post 1.75 EPS for the current year.
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About Enova International
Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers through existing tools and technologies.
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