Ameriprise Financial Inc. reduced its position in shares of Cash America International Inc. (NYSE:CSH) by 49.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 354,082 shares of the company’s stock after selling 344,578 shares during the period. Ameriprise Financial Inc. owned approximately 1.48% of Cash America International worth $15,091,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in CSH. Norges Bank acquired a new position in shares of Cash America International during the fourth quarter worth about $17,810,000. Emerald Acquisition Ltd. acquired a new position in shares of Cash America International during the second quarter worth about $7,707,000. Renaissance Technologies LLC raised its position in shares of Cash America International by 25.1% in the first quarter. Renaissance Technologies LLC now owns 428,800 shares of the company’s stock worth $16,569,000 after buying an additional 86,100 shares during the last quarter. Kassirer Asset Management Corp acquired a new position in shares of Cash America International during the second quarter worth about $1,344,000. Finally, Societe Generale acquired a new position in shares of Cash America International during the second quarter worth about $980,000.
Shares of Cash America International Inc. (NYSE:CSH) remained flat at $42.20 during midday trading on Friday. Cash America International Inc. has a one year low of $26.00 and a one year high of $45.67. The stock has a 50-day moving average price of $43.42 and a 200 day moving average price of $39.89.
Cash America International (NYSE:CSH) last issued its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. The firm earned $241.20 million during the quarter, compared to analyst estimates of $250.05 million. During the same period in the previous year, the company earned $0.06 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts predict that Cash America International Inc. will post $1.45 earnings per share for the current fiscal year.
CSH has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Cash America International from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th. Jefferies Group reaffirmed a “hold” rating on shares of Cash America International in a research report on Sunday, September 4th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.00.
About Cash America International
Cash America International, Inc provides specialty financial services to individuals through its storefront lending and franchised check cashing locations. The Company offers secured non-recourse loans, referred to as pawn loans, as its primary line of business. The Company is also engaged in originating, arranging, guaranteeing or purchasing consumer loans in some of its locations.
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