World Acceptance Co. (WRLD) Position Reduced by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in World Acceptance Co. (NASDAQ:WRLD) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,518 shares of the credit services provider’s stock after selling 1,700 shares during the period. Alliancebernstein L.P.’s holdings in World Acceptance were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Weber Alan W lifted its position in World Acceptance by 7.7% in the fourth quarter. Weber Alan W now owns 28,069 shares of the credit services provider’s stock valued at $2,266,000 after purchasing an additional 2,000 shares during the period. BlackRock Inc. lifted its position in World Acceptance by 2.8% in the fourth quarter. BlackRock Inc. now owns 791,193 shares of the credit services provider’s stock valued at $63,864,000 after purchasing an additional 21,186 shares during the period. Rhumbline Advisers lifted its position in World Acceptance by 13.4% in the fourth quarter. Rhumbline Advisers now owns 14,271 shares of the credit services provider’s stock valued at $1,152,000 after purchasing an additional 1,684 shares during the period. Arizona State Retirement System lifted its position in World Acceptance by 228.7% in the fourth quarter. Arizona State Retirement System now owns 9,898 shares of the credit services provider’s stock valued at $799,000 after purchasing an additional 6,887 shares during the period. Finally, Wells Fargo & Company MN lifted its position in World Acceptance by 17.7% in the fourth quarter. Wells Fargo & Company MN now owns 7,812 shares of the credit services provider’s stock valued at $631,000 after purchasing an additional 1,174 shares during the period. Hedge funds and other institutional investors own 96.77% of the company’s stock.

Shares of World Acceptance stock opened at $102.78 on Tuesday. World Acceptance Co. has a 12-month low of $50.83 and a 12-month 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. The stock has a market capitalization of $934.91, a price-to-earnings ratio of 12.32 and a beta of 2.71.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.42. World Acceptance had a net margin of 10.42% and a return on equity of 13.95%. The company had revenue of $136.90 million during the quarter, compared to analysts’ expectations of $137.99 million. During the same period last year, the company posted $1.10 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. sell-side analysts predict that World Acceptance Co. will post 7.63 earnings per share for the current year.

WRLD has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. ValuEngine raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of World Acceptance from a “buy” rating to a “hold” rating in a report on Friday, March 30th. BMO Capital Markets reaffirmed a “sell” rating and issued a $80.00 target price on shares of World Acceptance in a report on Monday, January 29th. They noted that the move was a valuation call. Finally, Stephens reaffirmed a “sell” rating and issued a $65.00 target price on shares of World Acceptance in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. World Acceptance currently has an average rating of “Hold” and an average price target of $82.75.

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World Acceptance Company Profile

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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