An issue of Curo Group Holdings Corp (NYSE:CURO) debt rose 1.3% as a percentage of 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 bonds in the issue are now trading at $86.50 and were trading at $81.50 one week ago. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.
A number of analysts have weighed in on CURO shares. Zacks Investment Research upgraded shares of Curo Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Credit Suisse Group restated a “buy” rating and set a $20.00 price objective on shares of Curo Group in a research note on Monday. Finally, Stephens set a $38.00 price objective on shares of Curo Group and gave the company a “buy” rating in a research note on Tuesday, September 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $28.00.
NYSE:CURO traded up $0.14 on Friday, reaching $11.55. 127,300 shares of the stock traded hands, compared to its average volume of 223,688. The firm has a market cap of $502.70 million and a P/E 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 Holdings Corp has a 12 month low of $8.73 and a 12 month high of $32.20.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of Curo Group by 5.1% during the 2nd quarter. Northern Trust Corp now owns 83,793 shares of the company’s stock valued at $2,091,000 after acquiring an additional 4,074 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $239,000. Tower Research Capital LLC TRC purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $254,000. Rhumbline Advisers purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $263,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $271,000. 49.11% of the stock is currently owned by hedge funds and other institutional investors.
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About Curo Group (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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