Janney Montgomery Scott Downgrades CURO Group (NYSE:CURO) to Neutral

CURO Group (NYSE: CUROGet a rating) was downgraded by investment analysts Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a report released Thursday, Fly reports.

Other research analysts have also recently published research reports on the company. Jefferies Financial Group began covering CURO Group in a report on Tuesday, July 26. They set a “buy” rating on the stock. TheStreet upgraded CURO Group from a “c” to a “d+” rating in a Thursday, August 25 research report. Finally, Credit Suisse Group reduced its price target on CURO Group to $11.00 in a research report on Thursday, October 13.

CURO Group shares fall 10.6%

Shares of CURO Action opened at $4.95 on Thursday. The company has a 50-day moving average price of $5.17 and a two-hundred-day moving average price of $6.86. The CURO group has a 12 month minimum of $3.56 and a 12 month maximum of $20.10. The company has a market capitalization of $199.73 million, a P/E ratio of -2.10 and a beta of 2.80.

CURO Group (NYSE: CUROGet a rating) last released its quarterly earnings data on Monday, August 8. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.03). The company posted revenue of $304.40 million in the quarter, compared to $244.07 million expected by analysts. The CURO Group had a negative return on equity of 15.53% and a negative net margin of 9.30%. As a group, research analysts expect CURO Group to post -0.08 EPS for the current fiscal year.

Institutional investors weigh in on CURO Group

A number of hedge funds have recently increased or reduced their holdings in CURO. HighTower Advisors LLC increased its stake in CURO Group shares by 0.5% in Q1. HighTower Advisors LLC now owns 328,152 shares of the company worth $4,282,000 after purchasing an additional 1,490 shares in the last quarter. The Swiss National Bank increased its stake in CURO Group shares by 5.1% in the 1st quarter. The Swiss National Bank now owns 43,100 shares in the company worth $562,000 after buying 2,100 more shares last quarter. Northern Trust Corp increased its stake in CURO Group shares by 1.2% in Q2. Northern Trust Corp now owns 195,017 shares of the company worth $1,079,000 after buying 2,253 more shares in the last quarter. Rhumbline Advisers increased its equity stake in CURO Group by 13.7% in Q1. Rhumbline Advisers now owns 19,450 shares of the company worth $254,000 after purchasing an additional 2,350 shares in the last quarter. Finally, Amalgamated Bank purchased a new equity stake in CURO Group in Q1 for $44,000. 36.69% of the shares are currently held by hedge funds and other institutional investors.

About the CURO Group

(Get a rating)

CURO Group Holdings Corp., together with its subsidiaries, offers consumer credit products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, open-ended loans and one-time payment loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales. , and money transfer services.

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