Geode Capital Management LLC Trims Holdings in World Acceptance Co. (WRLD)

Geode Capital Management LLC reduced its holdings in shares of World Acceptance Co. (NASDAQ:WRLD) by 22.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 55,549 shares of the credit services provider’s stock after selling 16,346 shares during the period. Geode Capital Management LLC’s holdings in World Acceptance were worth $4,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in WRLD. Louisiana State Employees Retirement System purchased a new stake in World Acceptance during the fourth quarter valued at approximately $202,000. Unison Advisors LLC purchased a new stake in World Acceptance during the fourth quarter valued at approximately $401,000. Wells Fargo & Company MN increased its holdings in World Acceptance by 39.1% during the third quarter. Wells Fargo & Company MN now owns 6,638 shares of the credit services provider’s stock valued at $550,000 after buying an additional 1,865 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in World Acceptance by 216.8% during the third quarter. Public Employees Retirement System of Ohio now owns 7,866 shares of the credit services provider’s stock valued at $652,000 after buying an additional 5,383 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in World Acceptance by 228.7% during the fourth quarter. Arizona State Retirement System now owns 9,898 shares of the credit services provider’s stock valued at $799,000 after buying an additional 6,887 shares during the last quarter. 96.77% of the stock is owned by institutional investors and hedge funds.

WRLD has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated a “sell” rating and issued a $80.00 price target on shares of World Acceptance in a research report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Saturday, February 3rd. ValuEngine upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. BidaskClub upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Stephens reiterated a “sell” rating and issued a $65.00 price target on shares of World Acceptance in a research report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. World Acceptance presently has an average rating of “Hold” and an average target price of $82.75.

WRLD opened at $106.33 on Friday. The company has a market capitalization of $951.08, a price-to-earnings ratio of 12.69 and a beta of 2.72. World Acceptance Co. has a 1-year low of $51.15 and a 1-year high of $121.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 20.25 and a quick ratio of 20.24.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.42. The business had revenue of $136.90 million during the quarter, compared to analyst estimates of $137.99 million. World Acceptance had a net margin of 10.42% and a return on equity of 13.95%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. equities research analysts anticipate that World Acceptance Co. will post 7.63 earnings per share for the current fiscal year.

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About World Acceptance

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

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Institutional Ownership by Quarter for World Acceptance (NASDAQ:WRLD)

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