Zacks Investment Research Downgrades Curo Group (CURO) to Strong Sell

Curo Group (NYSE:CURO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “strong sell” rating in a research note issued on Tuesday.

According to Zacks, “Curo Group Holdings Corp. operates as a consumer finance company. It offers unsecured and secured installment, open-end and single-pay loan services as well as renders other customer service, robust operating systems, call center and a track record services. The Company operates primarily in the United States under two principal brands, Speedy Cash and Rapid Cash and Avio Credit. Curo Group Holdings Corp. is based in WICHITA, United States. “

CURO has been the subject of a number of other reports. Stephens set a $38.00 price target on shares of Curo Group and gave the company a “buy” rating in a report on Tuesday, September 25th. Credit Suisse Group raised their price objective on shares of Curo Group from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $29.00.

Shares of Curo Group stock opened at $14.07 on Tuesday. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 11.91. Curo Group has a fifty-two week low of $12.84 and a fifty-two week high of $32.20. The firm has a market capitalization of $606.46 million and a price-to-earnings ratio of 8.33.

Curo Group (NYSE:CURO) last issued its quarterly earnings results on Wednesday, October 24th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.27). Curo Group had a negative net margin of 0.13% and a positive return on equity of 215.49%. The company had revenue of $283.00 million during the quarter, compared to the consensus estimate of $277.27 million. On average, equities research analysts expect that Curo Group will post 1.74 earnings per share for the current fiscal year.

In other news, EVP Terry Gene Pittman sold 51,596 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $26.52, for a total transaction of $1,368,325.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William C. Baker sold 56,844 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $31.53, for a total transaction of $1,792,291.32. The disclosure for this sale can be found here. 48.35% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in shares of Curo Group during the 1st quarter worth about $167,000. California State Teachers Retirement System bought a new position in Curo Group during the 1st quarter valued at about $203,000. Acadian Asset Management LLC lifted its holdings in Curo Group by 3,563.0% during the 3rd quarter. Acadian Asset Management LLC now owns 15,861 shares of the company’s stock valued at $480,000 after purchasing an additional 15,428 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in Curo Group during the 1st quarter valued at about $538,000. Finally, First Trust Advisors LP bought a new position in Curo Group during the 3rd quarter valued at about $611,000. 45.99% of the stock is owned by institutional investors.

About Curo Group

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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