Cash America International Inc. (CSH) Sees Unusually-High Trading Volume
Shares of Cash America International Inc. (NYSE:CSH) saw unusually-strong trading volume on Tuesday . Approximately 89,578 shares changed hands during trading, a decline of 23% from the previous session’s volume of 115,733 shares.The stock last traded at $43.20 and had previously closed at $43.38.
A number of equities analysts recently issued reports on CSH shares. Zacks Investment Research raised shares of Cash America International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, March 29th. JMP Securities downgraded shares of Cash America International from an “outperform” rating to a “market perform” rating in a research note on Friday, April 29th. They noted that the move was a valuation call. Finally, Macquarie upgraded shares of Cash America International from an “underperform” rating to a “neutral” rating in a research note on Friday, April 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Cash America International presently has a consensus rating of “Hold” and an average price target of $35.75.
The company’s 50 day moving average is $40.55 and its 200 day moving average is $36.31. The stock has a market cap of $1.04 billion and a P/E ratio of 37.56.
Cash America International (NYSE:CSH) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business earned $277.21 million during the quarter, compared to the consensus estimate of $260.97 million. During the same quarter last year, the company posted $0.29 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. Analysts expect that Cash America International Inc. will post $1.41 earnings per share for the current fiscal year.
In related news, EVP Victor L. Pepe sold 9,491 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $38.73, for a total value of $367,586.43. Following the sale, the executive vice president now owns 49,127 shares in the company, valued at approximately $1,902,688.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
A number of large investors have bought and sold shares of CSH. First Trust Advisors LP boosted its stake in Cash America International by 11.2% in the fourth quarter. First Trust Advisors LP now owns 53,871 shares of the company’s stock worth $1,613,000 after buying an additional 5,436 shares during the period. Rhumbline Advisers boosted its stake in Cash America International by 3.6% in the fourth quarter. Rhumbline Advisers now owns 48,756 shares of the company’s stock worth $1,460,000 after buying an additional 1,705 shares during the period. New York State Common Retirement Fund boosted its stake in Cash America International by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 409,469 shares of the company’s stock worth $12,264,000 after buying an additional 1,800 shares during the period. Bank of Montreal Can boosted its stake in Cash America International by 453.8% in the fourth quarter. Bank of Montreal Can now owns 108,017 shares of the company’s stock worth $3,235,000 after buying an additional 88,511 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Cash America International by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,167,696 shares of the company’s stock worth $64,922,000 after buying an additional 61,383 shares during the period.
Cash America International, Inc (Cash America) provides specialty financial services to individuals through its storefront lending and franchised check cashing locations. The Company offers secured non-recourse loans, commonly 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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