Curo Group Holdings Corp (CURO) Holdings Cut by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its holdings in Curo Group Holdings Corp (NYSE:CURO) by 17.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,000 shares of the company’s stock after selling 11,800 shares during the period. Two Sigma Advisers LP owned about 0.12% of Curo Group worth $541,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CURO. CIBC Private Wealth Group LLC bought a new position in Curo Group in the fourth quarter valued at about $109,000. New York State Common Retirement Fund grew its holdings in shares of Curo Group by 33.0% during the fourth quarter. New York State Common Retirement Fund now owns 13,700 shares of the company’s stock worth $130,000 after purchasing an additional 3,400 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Curo Group by 62.4% during the fourth quarter. Rhumbline Advisers now owns 14,120 shares of the company’s stock worth $134,000 after purchasing an additional 5,423 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Curo Group by 7.5% during the fourth quarter. Mackenzie Financial Corp now owns 14,300 shares of the company’s stock worth $136,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Curo Group during the fourth quarter worth about $190,000. Hedge funds and other institutional investors own 49.06% of the company’s stock.

NYSE:CURO opened at $11.01 on Friday. The stock has a market cap of $511.04 million, a PE ratio of 6.36 and a beta of 3.52. The company has a current ratio of 6.71, a quick ratio of 6.71 and a debt-to-equity ratio of 88.29. Curo Group Holdings Corp has a 1-year low of $8.73 and a 1-year high of $32.20.

Curo Group (NYSE:CURO) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $300.57 million for the quarter, compared to analysts’ expectations of $299.89 million. Curo Group had a positive return on equity of 386.32% and a negative net margin of 4.36%. As a group, sell-side analysts anticipate that Curo Group Holdings Corp will post 2.37 earnings per share for the current year.

Several analysts have recently weighed in on CURO shares. Zacks Investment Research cut Curo Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. William Blair restated an “outperform” rating on shares of Curo Group in a report on Tuesday, January 29th. Finally, Credit Suisse Group restated a “buy” rating and set a $20.00 price target on shares of Curo Group in a report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Curo Group presently has a consensus rating of “Hold” and a consensus price target of $31.00.

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Curo Group 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.

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

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