Bank of New York Mellon Corp increased its stake in Curo Group Holdings Corp (NYSE:CURO) by 298.6% during the second quarter, HoldingsChannel.com reports. The firm owned 72,157 shares of the company’s stock after acquiring an additional 54,053 shares during the period. Bank of New York Mellon Corp’s holdings in Curo Group were worth $1,800,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mackay Shields LLC purchased a new position in shares of Curo Group during the 2nd quarter valued at $960,000. EAM Investors LLC purchased a new position in shares of Curo Group during the 2nd quarter valued at $3,051,000. Engineers Gate Manager LP purchased a new position in shares of Curo Group during the 2nd quarter valued at $660,000. Sei Investments Co. purchased a new position in shares of Curo Group during the 2nd quarter valued at $1,017,000. Finally, Wasatch Advisors Inc. purchased a new position in shares of Curo Group during the 2nd quarter valued at $4,678,000. Institutional investors own 45.99% of the company’s stock.

NYSE:CURO opened at $23.80 on Friday. The company has a debt-to-equity ratio of 11.91, a quick ratio of 5.35 and a current ratio of 5.35. Curo Group Holdings Corp has a 52-week low of $13.50 and a 52-week high of $32.20. The firm has a market cap of $1.38 billion and a P/E ratio of 12.99.

Curo Group (NYSE:CURO) last released its quarterly earnings data on Monday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Curo Group had a net margin of 5.94% and a return on equity of 175.82%. The company had revenue of $248.98 million for the quarter, compared to the consensus estimate of $238.73 million. Research analysts forecast that Curo Group Holdings Corp will post 2.36 earnings per share for the current year.

In related news, EVP William C. Baker sold 56,844 shares of the business’s stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $31.53, for a total transaction of $1,792,291.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Terry Gene Pittman sold 51,596 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $26.52, for a total value of $1,368,325.92. The disclosure for this sale can be found here. Insiders own 48.35% of the company’s stock.

A number of research analysts have recently commented on CURO shares. Stephens set a $38.00 price target on Curo Group and gave the company a “buy” rating in a research report on Tuesday, September 25th. Zacks Investment Research raised Curo Group from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, September 5th. Finally, Credit Suisse Group upped their price target on Curo Group from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Tuesday, August 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Curo Group currently has a consensus rating of “Buy” and an average price target of $29.00.

Curo Group Company Profile

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.

Further Reading: Fundamental Analysis – How It Helps Investors

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

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