New York State Teachers Retirement System Reduces Stake in Enova International, Inc. (NYSE:ENVA)

New York State Teachers Retirement System reduced its stake in Enova International, Inc. (NYSE:ENVA) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,281 shares of the credit services provider’s stock after selling 671 shares during the quarter. New York State Teachers Retirement System owned approximately 0.19% of Enova International worth $4,662,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new stake in Enova International in the 1st quarter valued at $28,000. Farther Finance Advisors LLC grew its holdings in Enova International by 672.9% in the 4th quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider’s stock valued at $36,000 after buying an additional 323 shares in the last quarter. Versant Capital Management Inc grew its holdings in Enova International by 521.3% in the 1st quarter. Versant Capital Management Inc now owns 466 shares of the credit services provider’s stock valued at $45,000 after buying an additional 391 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Enova International by 823.0% in the 4th quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider’s stock valued at $77,000 after buying an additional 716 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Enova International by 56.5% in the 1st quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider’s stock valued at $167,000 after purchasing an additional 624 shares during the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Enova International Price Performance

ENVA opened at $115.77 on Monday. The stock’s 50-day moving average price is $97.98 and its 200 day moving average price is $99.37. Enova International, Inc. has a 12-month low of $60.97 and a 12-month high of $117.56. The company has a current ratio of 18.55, a quick ratio of 18.55 and a debt-to-equity ratio of 3.14. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 13.64 and a beta of 1.48.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.21. Enova International had a return on equity of 21.79% and a net margin of 8.38%. The firm had revenue of $745.54 million for the quarter, compared to analyst estimates of $734.14 million. During the same quarter in the prior year, the company earned $1.91 EPS. Enova International’s revenue was up 22.2% on a year-over-year basis. As a group, sell-side analysts expect that Enova International, Inc. will post 10.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. TD Cowen raised Enova International from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, April 1st. Seaport Res Ptn raised Enova International to a “strong-buy” rating in a research note on Wednesday, May 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $135.00 price target on shares of Enova International in a research note on Wednesday, April 30th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $111.00.

Insider Activity

In related news, General Counsel Sean Rahilly sold 9,046 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $95.05, for a total transaction of $859,822.30. Following the transaction, the general counsel owned 103,842 shares of the company’s stock, valued at approximately $9,870,182.10. This represents a 8.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Fisher sold 2,000 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $98.42, for a total value of $196,840.00. Following the transaction, the chief executive officer directly owned 348,223 shares in the company, valued at approximately $34,272,107.66. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,046 shares of company stock worth $1,253,962. 8.40% of the stock is owned by corporate insiders.

Enova International Company Profile

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.