Los Angeles Capital Management LLC Trims Stake in CURO Group Holdings Corp. (NYSE:CURO)

Los Angeles Capital Management LLC lessened its holdings in shares of CURO Group Holdings Corp. (NYSE:CURO) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,783 shares of the company’s stock after selling 2,450 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.06% of CURO Group worth $429,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CURO. WINTON GROUP Ltd lifted its stake in shares of CURO Group by 36.3% during the 2nd quarter. WINTON GROUP Ltd now owns 24,298 shares of the company’s stock worth $413,000 after purchasing an additional 6,476 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of CURO Group by 8.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 188,791 shares of the company’s stock worth $3,209,000 after purchasing an additional 15,008 shares during the period. Deutsche Bank AG lifted its stake in shares of CURO Group by 158.1% during the 2nd quarter. Deutsche Bank AG now owns 34,157 shares of the company’s stock worth $581,000 after purchasing an additional 20,924 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of CURO Group by 16.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 235,723 shares of the company’s stock worth $4,008,000 after purchasing an additional 33,074 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of CURO Group by 1.0% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 256,271 shares of the company’s stock worth $4,357,000 after purchasing an additional 2,600 shares during the period. 38.57% of the stock is currently owned by institutional investors.

Shares of NYSE CURO opened at $16.57 on Friday. CURO Group Holdings Corp. has a 12-month low of $12.58 and a 12-month high of $20.10. The company has a market cap of $670.29 million, a P/E ratio of 8.00 and a beta of 2.73. The company has a current ratio of 4.70, a quick ratio of 4.70 and a debt-to-equity ratio of 5.73. The stock has a fifty day moving average price of $16.87 and a 200 day moving average price of $16.82.

CURO Group (NYSE:CURO) last announced its quarterly earnings results on Monday, November 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. CURO Group had a return on equity of 27.33% and a net margin of 11.65%. The firm had revenue of $209.28 million during the quarter, compared to the consensus estimate of $206.14 million. During the same period in the prior year, the firm earned $0.21 EPS. On average, sell-side analysts forecast that CURO Group Holdings Corp. will post 0.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 22nd. Investors of record on Friday, November 12th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, November 10th. This represents a $0.44 annualized dividend and a yield of 2.66%. CURO Group’s dividend payout ratio is currently 21.26%.

Several research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on CURO Group in a research report on Thursday, December 30th. They issued a “buy” rating and a $25.00 target price on the stock. Credit Suisse Group cut their target price on CURO Group from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, December 30th. Finally, Zacks Investment Research raised CURO Group from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Monday, January 10th.

In other news, Director Chadwick Heath Faulkner sold 1,000,000 shares of the firm’s stock in a transaction dated Tuesday, November 30th. The stock was sold at an average price of $18.10, for a total transaction of $18,100,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Mcknight sold 90,534 shares of the firm’s stock in a transaction dated Tuesday, November 2nd. The shares were sold at an average price of $17.50, for a total value of $1,584,345.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,093,104 shares of company stock valued at $19,728,035. 52.19% of the stock is owned by insiders.

CURO Group Company Profile

CURO Group Holdings Corp. is a consumer finance company, which engages in the provision of services and lending products for under banked consumers. The firm operates through the following segments: United States, Canada, and the United Kingdom. The United States segment operates the Speedy Cash, Rapid Cash, and Avio Credit brands.

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Institutional Ownership by Quarter for CURO Group (NYSE:CURO)

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