Curo Group (CURO) Debt Trading 1.3% Higher

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.



Curo Group (NYSE:CURO) last announced its quarterly earnings results on Wednesday, October 24th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.27). The business had revenue of $283.00 million during the quarter, compared to the consensus estimate of $277.27 million. Curo Group had a positive return on equity of 262.11% and a negative net margin of 0.13%. As a group, research analysts forecast that Curo Group Holdings Corp will post 1.74 earnings per share for the current year.

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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