Jefferies Financial Group Begins Coverage of CURO Group (NYSE:CURO)

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Equity research analysts at Jefferies Financial Group assumed hedging of the shares of CURO Group (NYSE:CURO – Get Note) in a report published on Tuesday, reports The Fly. The brokerage has set a “buy” rating on the stock.

Separately, Credit Suisse Group lowered its price target on CURO Group shares to $19.00 and set an “outperform” rating on the stock in a Friday, May 20 research report.

CURO Group Price Performance

Shares of CURO Group opened at $6.86 on Tuesday. The company has a market capitalization of $276.80 million, a PE ratio of 10.09 and a beta of 2.67. The CURO group has a 52-week low of $5.22 and a 52-week high of $20.10. The company has a quick ratio of 6.32, a current ratio of 6.32 and a leverage ratio of 13.68. The company’s 50-day moving average is $6.84 and its two-hundred-day moving average is $10.66.

CURO Group (NYSE:CURO – Get Rating) last released its results on Monday, May 2. The company reported earnings per share (EPS) of $0.08 for the quarter, missing analyst consensus estimates of $0.11 per ($0.03). The CURO Group achieved a return on equity of 3.11% and a net margin of 3.83%. The company posted revenue of $290.20 million for the quarter, versus analyst estimates of $270.53 million. In the same quarter last year, the company earned earnings per share of $0.64. On average, research analysts expect CURO Group to post -0.03 EPS for the current fiscal year.

Institutional entries and exits

A number of hedge funds have recently changed their holdings of CURO. First Quadrant LLC CA purchased a new position in CURO Group during Q1 for $28,000. Amalgamated Bank bought a new position in CURO Group during Q1 worth $44,000. Acadian Asset Management LLC acquired a new position in CURO Group during the 4th quarter at a value of $69,000. Chilton Capital Management LLC purchased a new position in CURO Group during Q4 for $80,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in the CURO group during the 4th quarter with a value of $131,000. 38.78% of the shares are held by hedge funds and other institutional investors.

About CURO Group

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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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