Comerica Bank Lowers Stock Position in Enova International, Inc. (NYSE:ENVA)

Comerica Bank cut its position in shares of Enova International, Inc. (NYSE:ENVA – Get Rating) by 1.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 47,665 shares of the credit services provider’s stock after selling 525 shares during the quarter. Comerica Bank’s holdings in Enova International were worth $1,484,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ENVA. Jackson Creek Investment Advisors LLC purchased a new stake in Enova International during the second quarter worth $913,000. Denali Advisors LLC boosted its holdings in Enova International by 18.3% during the third quarter. Denali Advisors LLC now owns 89,353 shares of the credit services provider’s stock worth $2,615,000 after buying an additional 13,800 shares in the last quarter. Summit Global Investments boosted its holdings in Enova International by 49.5% during the second quarter. Summit Global Investments now owns 24,375 shares of the credit services provider’s stock worth $702,000 after buying an additional 8,075 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Enova International by 53.0% during the first quarter. MetLife Investment Management LLC now owns 20,678 shares of the credit services provider’s stock worth $785,000 after buying an additional 7,162 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Enova International by 13.3% during the second quarter. UBS Asset Management Americas Inc. now owns 46,568 shares of the credit services provider’s stock worth $1,342,000 after acquiring an additional 5,461 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Enova International Price Performance

Shares of NYSE ENVA opened at $40.96 on Monday. The firm has a 50-day simple moving average of $39.14 and a 200-day simple moving average of $35.68. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.91 and a beta of 1.49. The company has a quick ratio of 14.87, a current ratio of 14.87 and a debt-to-equity ratio of 1.80. Enova International, Inc. has a 52 week low of $25.80 and a 52 week high of $47.88.

Enova International (NYSE:ENVA – Get Rating) last issued its earnings results on Thursday, October 27th. The credit services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.13. Enova International had a net margin of 12.72% and a return on equity of 19.25%. The business had revenue of $456.20 million during the quarter, compared to analysts’ expectations of $441.25 million. On average, equities analysts predict that Enova International, Inc. will post 6.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ENVA has been the subject of a number of research analyst reports. StockNews.com cut shares of Enova International from a “buy” rating to a “hold” rating in a research report on Friday, January 6th. JMP Securities upped their price objective on shares of Enova International from $42.00 to $49.00 and gave the stock a “market outperform” rating in a research report on Friday, January 13th.

Insider Activity at Enova International

In related news, insider Kirk Chartier sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the completion of the sale, the insider now owns 123,544 shares of the company’s stock, valued at $4,865,162.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.20% of the stock is currently owned by insiders.

Enova International Company Profile

(Get Rating)

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; receivables purchase agreements; 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.