Curo Group Holdings Corp (NYSE:CURO)’s share price traded up 12.2% during mid-day trading on Friday . The company traded as high as $11.45 and last traded at $11.24. 1,042,827 shares changed hands during mid-day trading, an increase of 276% from the average session volume of 277,569 shares. The stock had previously closed at $10.02.
A number of equities analysts have issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of Curo Group in a research note on Tuesday, January 29th. Zacks Investment Research cut shares of Curo Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Finally, Credit Suisse Group reissued a “buy” rating and set a $20.00 price target on shares of Curo Group in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Curo Group presently has an average rating of “Hold” and an average target price of $31.00.
The stock has a market capitalization of $460.85 million, a price-to-earnings ratio of 6.50 and a beta of 3.59. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 88.29.
Curo Group (NYSE:CURO) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $300.57 million for the quarter, compared to analysts’ expectations of $299.89 million. Curo Group had a negative net margin of 4.36% and a positive return on equity of 237.18%. On average, equities analysts anticipate that Curo Group Holdings Corp will post 2.42 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC bought a new position in shares of Curo Group during the fourth quarter worth $109,000. New York State Common Retirement Fund raised its holdings in shares of Curo Group by 33.0% during the fourth quarter. New York State Common Retirement Fund now owns 13,700 shares of the company’s stock worth $130,000 after acquiring an additional 3,400 shares during the period. Rhumbline Advisers raised its holdings in shares of Curo Group by 62.4% during the fourth quarter. Rhumbline Advisers now owns 14,120 shares of the company’s stock worth $134,000 after acquiring an additional 5,423 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Curo Group by 7.5% during the fourth quarter. Mackenzie Financial Corp now owns 14,300 shares of the company’s stock worth $136,000 after acquiring an additional 1,000 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in shares of Curo Group by 12.1% during the fourth quarter. Squarepoint Ops LLC now owns 17,747 shares of the company’s stock worth $168,000 after acquiring an additional 1,916 shares during the period. 49.51% of the stock is currently owned by institutional investors.
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Curo Group Company Profile (NYSE:CURO)
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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