Loomis Sayles & Co. L P Acquires Shares of 100,000 Enova International, Inc. $ENVA

Loomis Sayles & Co. L P bought a new stake in Enova International, Inc. (NYSE:ENVA) during the 2nd quarter, HoldingsChannel reports. The firm bought 100,000 shares of the credit services provider’s stock, valued at approximately $11,152,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Jump Financial LLC lifted its stake in Enova International by 430.1% in the 1st quarter. Jump Financial LLC now owns 25,746 shares of the credit services provider’s stock valued at $2,486,000 after buying an additional 20,889 shares in the last quarter. Amundi purchased a new stake in Enova International during the 1st quarter worth approximately $1,886,000. Baird Financial Group Inc. raised its holdings in shares of Enova International by 2.1% during the first quarter. Baird Financial Group Inc. now owns 154,674 shares of the credit services provider’s stock valued at $14,935,000 after acquiring an additional 3,162 shares during the last quarter. Kendall Capital Management acquired a new position in shares of Enova International during the second quarter valued at approximately $544,000. Finally, CX Institutional lifted its position in shares of Enova International by 151.5% in the second quarter. CX Institutional now owns 67,538 shares of the credit services provider’s stock valued at $7,532,000 after acquiring an additional 40,681 shares in the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research report on Wednesday, October 8th. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. JMP Securities upped their target price on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, October 24th. BTIG Research increased their target price on shares of Enova International from $129.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $116.80.

Enova International Stock Performance

Shares of Enova International stock opened at $130.27 on Tuesday. The business’s 50 day moving average price is $119.44 and its 200 day moving average price is $111.93. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 11.97 and a beta of 1.47. The company has a debt-to-equity ratio of 3.20, a quick ratio of 18.15 and a current ratio of 19.29. Enova International, Inc. has a one year low of $79.41 and a one year high of $133.33.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.33. Enova International had a return on equity of 24.50% and a net margin of 9.64%.The company had revenue of $460.71 million during the quarter, compared to analysts’ expectations of $806.63 million. During the same period in the prior year, the business earned $2.45 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. On average, research analysts predict that Enova International, Inc. will post 10.31 EPS for the current year.

Enova International announced that its board has approved a stock buyback plan on Wednesday, November 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Enova International

In other Enova International news, CEO David Fisher sold 6,000 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $124.25, for a total value of $745,500.00. Following the transaction, the chief executive officer directly owned 348,223 shares in the company, valued at $43,266,707.75. The trade was a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven E. Cunningham sold 14,874 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the completion of the sale, the chief financial officer directly owned 127,719 shares of the company’s stock, valued at approximately $15,415,683.30. This trade represents a 10.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,874 shares of company stock valued at $10,865,242 in the last three months. 8.40% of the stock is currently owned by insiders.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.