CURO Group (NYSE: CURO – Get a rating) was downgraded by investment analysts Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a report released Thursday, Fly reports.
Other research analysts have also recently published research reports on the company. Jefferies Financial Group began covering CURO Group in a report on Tuesday, July 26. They set a “buy” rating on the stock. TheStreet upgraded CURO Group from a “c” to a “d+” rating in a Thursday, August 25 research report. Finally, Credit Suisse Group reduced its price target on CURO Group to $11.00 in a research report on Thursday, October 13.
CURO Group shares fall 10.6%
Shares of CURO Action opened at $4.95 on Thursday. The company has a 50-day moving average price of $5.17 and a two-hundred-day moving average price of $6.86. The CURO group has a 12 month minimum of $3.56 and a 12 month maximum of $20.10. The company has a market capitalization of $199.73 million, a P/E ratio of -2.10 and a beta of 2.80.
CURO Group (NYSE: CURO – Get a rating) last released its quarterly earnings data on Monday, August 8. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.03). The company posted revenue of $304.40 million in the quarter, compared to $244.07 million expected by analysts. The CURO Group had a negative return on equity of 15.53% and a negative net margin of 9.30%. As a group, research analysts expect CURO Group to post -0.08 EPS for the current fiscal year.
Institutional investors weigh in on CURO Group
A number of hedge funds have recently increased or reduced their holdings in CURO. HighTower Advisors LLC increased its stake in CURO Group shares by 0.5% in Q1. HighTower Advisors LLC now owns 328,152 shares of the company worth $4,282,000 after purchasing an additional 1,490 shares in the last quarter. The Swiss National Bank increased its stake in CURO Group shares by 5.1% in the 1st quarter. The Swiss National Bank now owns 43,100 shares in the company worth $562,000 after buying 2,100 more shares last quarter. Northern Trust Corp increased its stake in CURO Group shares by 1.2% in Q2. Northern Trust Corp now owns 195,017 shares of the company worth $1,079,000 after buying 2,253 more shares in the last quarter. Rhumbline Advisers increased its equity stake in CURO Group by 13.7% in Q1. Rhumbline Advisers now owns 19,450 shares of the company worth $254,000 after purchasing an additional 2,350 shares in the last quarter. Finally, Amalgamated Bank purchased a new equity stake in CURO Group in Q1 for $44,000. 36.69% of the shares are currently held by hedge funds and other institutional investors.
About CURO Group
CURO Group Holdings Corp., together with its subsidiaries, offers consumer credit products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, open-ended loans and one-time payment loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales. , and money transfer services.
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