An issue of Curo Group Holdings Corp (NYSE:CURO) debt rose 1.3% against its face value during trading on Friday. The high-yield debt issue has a 8.25% coupon and will mature on September 1, 2025. The debt is now trading at $86.50 and was trading at $81.50 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
Several brokerages recently weighed in on CURO. Zacks Investment Research cut shares of Curo Group from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, October 30th. Stephens set a $38.00 price target on shares of Curo Group and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Finally, Credit Suisse Group restated a “buy” rating and issued a $20.00 price target on shares of Curo Group in a research report on Monday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Curo Group currently has a consensus rating of “Buy” and a consensus target price of $28.00.
CURO traded up $0.14 during trading hours on Friday, hitting $11.55. The company’s stock had a trading volume of 127,300 shares, compared to its average volume of 223,688. Curo Group Holdings Corp has a 12 month low of $8.73 and a 12 month high of $32.20. The stock has a market capitalization of $502.70 million and a PE ratio of 6.13. The company has a debt-to-equity ratio of 88.29, a quick ratio of 8.69 and a current ratio of 8.69.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Curo Group by 61.4% during the second quarter. BlackRock Inc. now owns 563,876 shares of the company’s stock worth $14,069,000 after buying an additional 214,449 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in Curo Group by 79.8% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 319,273 shares of the company’s stock worth $9,652,000 after buying an additional 141,719 shares during the period. First Trust Advisors LP purchased a new position in Curo Group during the third quarter worth $611,000. Bank of New York Mellon Corp boosted its stake in Curo Group by 298.6% during the second quarter. Bank of New York Mellon Corp now owns 72,157 shares of the company’s stock worth $1,800,000 after buying an additional 54,053 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in Curo Group by 35.1% during the third quarter. Allianz Asset Management GmbH now owns 82,317 shares of the company’s stock worth $2,488,000 after buying an additional 21,371 shares during the period. 49.11% of the stock is 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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