Whittier Trust Co. maintained its stake in Cash America International Inc. (NYSE:CSH) during the second quarter, Holdings Channel reports. The institutional investor owned 4,670 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Cash America International were worth $199,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. HBK Investments L P purchased a new position in Cash America International during the first quarter valued at about $298,000. BNP Paribas Arbitrage SA increased its position in Cash America International by 92.0% in the second quarter. BNP Paribas Arbitrage SA now owns 8,075 shares of the company’s stock valued at $344,000 after buying an additional 3,869 shares during the period. Chicago Capital Management LLC purchased a new position in Cash America International during the second quarter valued at about $426,000. Bank of Montreal Can purchased a new position in Cash America International during the second quarter valued at about $451,000. Finally, Boston Advisors LLC increased its position in Cash America International by 6.0% in the second quarter. Boston Advisors LLC now owns 12,327 shares of the company’s stock valued at $525,000 after buying an additional 697 shares during the period.
Cash America International Inc. (NYSE:CSH) remained flat at $42.20 during mid-day trading on Friday. Cash America International Inc. has a 1-year low of $26.00 and a 1-year high of $45.67. The company has a 50-day moving average of $43.36 and a 200-day moving average of $39.65.
Cash America International (NYSE:CSH) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.10. The business earned $241.20 million during the quarter, compared to the consensus estimate of $250.05 million. During the same period in the previous year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Cash America International Inc. will post $1.45 earnings per share for the current year.
CSH has been the subject of several research reports. JMP Securities raised Cash America International to a “buy” rating and set a $57.00 price target for the company in a research note on Thursday. Zacks Investment Research downgraded Cash America International from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Cash America International in a research note on Sunday, September 4th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.00.
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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