Bank of New York Mellon Corp increased its stake in Curo Group Holdings Corp (NYSE:CURO) by 298.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,157 shares of the company’s stock after buying an additional 54,053 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.16% of Curo Group worth $1,800,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new stake in shares of Curo Group in the 1st quarter valued at approximately $167,000. California State Teachers Retirement System acquired a new stake in shares of Curo Group in the 1st quarter valued at approximately $203,000. Prudential Financial Inc. acquired a new stake in shares of Curo Group in the 1st quarter valued at approximately $349,000. Engineers Gate Manager LP acquired a new stake in shares of Curo Group in the 2nd quarter valued at approximately $660,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in Curo Group in the 1st quarter valued at $538,000. 45.99% of the stock is owned by institutional investors.
CURO opened at $23.80 on Friday. Curo Group Holdings Corp has a 1-year low of $13.50 and a 1-year high of $32.20. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 11.91. The firm has a market capitalization of $1.38 billion and a P/E ratio of 12.99.
Curo Group (NYSE:CURO) last posted its quarterly earnings results on Monday, July 30th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $248.98 million during the quarter, compared to the consensus estimate of $238.73 million. Curo Group had a net margin of 5.94% and a return on equity of 175.82%. As a group, equities analysts expect that Curo Group Holdings Corp will post 2.36 earnings per share for the current year.
CURO has been the topic of a number of research analyst reports. Zacks Investment Research cut Curo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Credit Suisse Group increased their price target on Curo Group from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Tuesday, August 14th. Finally, Stephens set a $38.00 price target on Curo Group and gave the company a “buy” rating in a research note on Tuesday, September 25th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.00.
In other Curo Group news, EVP William C. Baker sold 56,844 shares of the stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $31.53, for a total transaction of $1,792,291.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Terry Gene Pittman sold 51,596 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $26.52, for a total value of $1,368,325.92. The disclosure for this sale can be found here. 48.35% of the stock is owned by company insiders.
Curo Group Profile
CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.
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