Russell Investments Group Ltd. reduced its holdings of Enova International, Inc. stock (NYSE: ENVA – Get a rating) by 8.6% in the first quarter, according to its last disclosure to the SEC. The company held 75,090 shares of the credit service provider after selling 7,070 shares during the period. Russell Investments Group Ltd. held 0.22% of Enova International worth $2,849,000 when last filed with the SEC.
A number of other hedge funds and other institutional investors also bought and sold shares of the company. Dupont Capital Management Corp bought a new stake in shares of Enova International during the first quarter for a value of approximately $145,000. SG Americas Securities LLC increased its holdings of Enova International shares by 27.5% during the first quarter. SG Americas Securities LLC now owns 3,813 shares of the credit services provider worth $145,000 after acquiring an additional 823 shares during the period. Summit Global Investments increased its holdings of Enova International shares by 130.0% during the fourth quarter. Summit Global Investments now owns 16,100 shares of the credit service provider worth $659,000 after acquiring an additional 9,100 shares during the period. Rowland & Co. Investment Counsel ADV purchased a new stake in shares of Enova International during the fourth quarter for a value of approximately $699,000. Finally, Comerica Bank increased its equity stake in Enova International by 51.7% during the first quarter. Comerica Bank now owns 49,316 shares of the credit service provider worth $1,937,000 after acquiring an additional 16,805 shares during the period. Institutional investors hold 91.90% of the company’s shares.
Analysts set new price targets
Separately, JMP Securities lowered its price target on Enova International shares from $54.00 to $42.00 and set a “market outperformance” rating for the company in a Friday 15 research report. July.
Enova international stock up 1.1%
NYSE ENV opened at $38.15 on Friday. Enova International, Inc. has a 1 year minimum of $25.80 and a 1 year maximum of $47.88. The company has a market capitalization of $1.22 billion, a price-earnings ratio of 6.67 and a beta of 1.44. The company has a current ratio of 13.45, a quick ratio of 13.45 and a debt ratio of 1.66. The company has a 50-day moving average of $31.32 and a 200-day moving average of $35.14.
Enova International (NYSE: ENVA – Get a rating) last reported quarterly earnings data on Thursday, July 28. The credit service provider reported EPS of $1.64 for the quarter, beating the consensus estimate of $1.48 by $0.16. Enova International achieved a net margin of 13.88% and a return on equity of 19.31%. The company posted revenue of $407.90 million in the quarter, versus a consensus estimate of $405.15 million. In the same period a year earlier, the company had earned earnings per share of $2.16. The company’s revenue increased 54.1% year over year. On average, equity research analysts expect Enova International, Inc. to post earnings per share of 6.05 for the current fiscal year.
Enova International Company Profile
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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