Curo Group (CURO) Shares Gap Down to $15.18

Curo Group Holdings Corp (NYSE:CURO) shares gapped down prior to trading on Friday . The stock had previously closed at $13.95, but opened at $15.18. Curo Group shares last traded at $14.50, with a volume of 19268 shares.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Curo Group from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Stephens set a $38.00 price objective on shares of Curo Group and gave the company a “buy” rating in a research report on Tuesday, September 25th. Finally, Credit Suisse Group increased their price objective on shares of Curo Group from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Tuesday, August 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Curo Group presently has a consensus rating of “Buy” and an average price target of $29.00.

The stock has a market cap of $655.90 million and a price-to-earnings ratio of 7.79. 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 (NYSE:CURO) last issued its quarterly earnings data on Wednesday, October 24th. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.27). The company had revenue of $283.00 million for the quarter, compared to the consensus estimate of $277.27 million. Curo Group had a negative net margin of 0.13% and a positive return on equity of 215.49%. On average, equities analysts forecast that Curo Group Holdings Corp will post 2.36 earnings per share for the current fiscal year.

In other Curo Group news, EVP William C. Baker sold 56,844 shares of the stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $31.53, for a total value of $1,792,291.32. 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 that occurred on Wednesday, August 15th. The stock was 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 owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN bought a new position in Curo Group in the first quarter worth approximately $167,000. California State Teachers Retirement System bought a new position in Curo Group in the first quarter worth approximately $203,000. Schwab Charles Investment Management Inc. bought a new position in Curo Group in the first quarter worth approximately $538,000. First Trust Advisors LP bought a new position in Curo Group in the third quarter worth approximately $611,000. Finally, Engineers Gate Manager LP bought a new position in Curo Group in the second quarter worth approximately $660,000. Institutional investors and hedge funds own 45.99% of the company’s stock.

About Curo Group (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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