Sei Investments Co. acquired a new position in Curo Group Holdings Corp (NYSE:CURO) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 40,757 shares of the company’s stock, valued at approximately $1,017,000. Sei Investments Co. owned 0.09% of Curo Group at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new stake in shares of Curo Group in the first quarter worth $167,000. California State Teachers Retirement System acquired a new stake in shares of Curo Group in the first quarter worth $203,000. Prudential Financial Inc. acquired a new stake in shares of Curo Group in the first quarter worth $349,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Curo Group in the first quarter worth $538,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Curo Group in the first quarter worth $622,000. Hedge funds and other institutional investors own 45.99% of the company’s stock.
CURO stock opened at $30.80 on Tuesday. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 11.91. Curo Group Holdings Corp has a one year low of $13.50 and a one year high of $32.10.
Curo Group (NYSE:CURO) last released its quarterly earnings results on Monday, July 30th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). The firm had revenue of $248.98 million for the quarter, compared to analyst estimates of $238.73 million. Curo Group had a net margin of 5.94% and a return on equity of 175.82%. equities research analysts expect that Curo Group Holdings Corp will post 2.36 earnings per share for the current year.
A number of research firms have recently weighed in on CURO. Zacks Investment Research upgraded shares of Curo Group from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, September 5th. Credit Suisse Group increased their price objective on shares of Curo Group from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 14th. Finally, ValuEngine lowered shares of Curo Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $26.00.
In other Curo Group news, Director Fleischer & Lowe Gp I. Friedman sold 552,197 shares of the stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $23.00, for a total transaction of $12,700,531.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Terry Gene Pittman sold 51,596 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $26.52, for a total transaction of $1,368,325.92. The disclosure for this sale can be found here. 48.35% of the stock is currently 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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