TD Waterhouse Canada Inc. grew its stake in shares of Enova International, Inc. (NYSE:ENVA – Free Report) by 23.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 40,478 shares of the credit services provider’s stock after buying an additional 7,630 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Enova International were worth $9,803,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of ENVA. McIlrath & Eck LLC bought a new position in Enova International in the 1st quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its position in Enova International by 350.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 350 shares in the last quarter. Pacer Advisors Inc. grew its position in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 152 shares in the last quarter. Parallel Advisors LLC increased its stake in Enova International by 1,503.3% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after buying an additional 451 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Enova International in the 2nd quarter valued at about $116,000. 89.43% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Enova International
In other news, Director Mark Tebbe sold 20,000 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total value of $4,027,400.00. Following the sale, the director directly owned 50,029 shares of the company’s stock, valued at approximately $10,074,339.73. This represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman David Fisher sold 33,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total value of $6,580,593.00. Following the transaction, the chairman owned 306,444 shares of the company’s stock, valued at $60,997,678.20. The trade was a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 75,129 shares of company stock valued at $15,753,056 in the last 90 days. Corporate insiders own 8.40% of the company’s stock.
Enova International Stock Down 1.1%
Enova International (NYSE:ENVA – Get Free Report) last announced its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.32. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The company had revenue of $928.93 million during the quarter, compared to the consensus estimate of $909.61 million. During the same quarter in the prior year, the company earned $3.23 earnings per share. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. Equities research analysts forecast that Enova International, Inc. will post 16.3 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ENVA. TD Cowen boosted their target price on shares of Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Jefferies Financial Group raised their target price on Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Citigroup restated a “market outperform” rating on shares of Enova International in a research report on Friday, July 24th. Citizens Jmp increased their price objective on Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, June 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat, Enova International presently has a consensus rating of “Buy” and an average price target of $247.83.
Enova International Company Profile
Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.
In addition to its U.S.
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