California State Teachers Retirement System Grows Stock Position in Enova International, Inc. $ENVA

California State Teachers Retirement System increased its stake in Enova International, Inc. (NYSE:ENVA - Free Report) by 23,319.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,887,767 shares of the credit services provider's stock after acquiring an additional 6,858,356 shares during the period. California State Teachers Retirement System owned approximately 27.66% of Enova International worth $1,658,092,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Legato Capital Management LLC acquired a new stake in Enova International in the fourth quarter worth $1,851,000. J.Safra Asset Management Corp acquired a new stake in shares of Enova International in the 2nd quarter worth approximately $1,464,000. Tieton Capital Management LLC bought a new position in Enova International during the 2nd quarter valued at $26,577,000. Geode Capital Management LLC grew its holdings in Enova International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider's stock worth $96,095,000 after acquiring an additional 18,258 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake in Enova International by 23.2% during the second quarter. TD Waterhouse Canada Inc. now owns 40,478 shares of the credit services provider's stock valued at $9,803,000 after purchasing an additional 7,630 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company's stock.

Enova International Stock Performance

Shares of NYSE ENVA opened at $223.52 on Friday. Enova International, Inc. has a 12 month low of $103.02 and a 12 month high of $267.45. The company has a market cap of $5.57 billion, a P/E ratio of 16.57 and a beta of 1.21. The business's 50 day moving average is $240.92 and its two-hundred day moving average is $191.00. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35.

Enova International (NYSE:ENVA - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.32. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The business had revenue of $928.93 million for the quarter, compared to the consensus estimate of $909.61 million. During the same quarter last year, the company posted $3.23 earnings per share. Enova International's quarterly revenue was up 21.6% on a year-over-year basis. On average, equities analysts expect that Enova International, Inc. will post 16.3 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ENVA shares. Citigroup reiterated a "market outperform" rating on shares of Enova International in a research report on Friday, July 24th. Zacks Research raised Enova International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. BTIG Research increased their price objective on Enova International from $199.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Weiss Ratings restated a "buy (b-)" rating on shares of Enova International in a research report on Friday, July 17th. Finally, Citizens Jmp lifted their target price on Enova International from $195.00 to $270.00 and gave the company a "market outperform" rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, Enova International has an average rating of "Buy" and an average price target of $247.83.

Insider Activity

In related news, Director Mark Tebbe sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the completion of the transaction, the director owned 50,029 shares in the company, valued at $10,074,339.73. This trade represents a 28.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David Fisher sold 33,060 shares of Enova International stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total value of $6,580,593.00. Following the transaction, the chairman directly owned 306,444 shares of the company's stock, valued at approximately $60,997,678.20. The trade was a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 75,129 shares of company stock worth $15,753,056. 8.40% of the stock is currently owned by corporate insiders.

Enova International Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.

Enova's consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.

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