Credit Corp Group (ASX:CCP) has taken a leap forward with its one-year price target soaring to 20.61 per share, marking an impressive 6.89% increase from the previous estimate of 19.28 set on January 16, 2024.
Analysts have pooled their insights on CCP, leading to an average price target that spans from a low of 16.29 to a high of 28.24 per share. This target signals a remarkable 59.51% rise from the stock’s last reported closing price of 12.92 per share.
Reader’s Revelation: Fund Sentiment Unveiled
Credit Corp Group has caught the eye of 45 funds or institutions, with a 2.27% increase in ownership reported in the most recent quarter. The collective weight of CCP in these funds, which stands at a humble 0.03%, has experienced a decrease of 33.24%. Institutional ownership has seen a 0.90% surge over the last three months, with a total of 4,343K shares now in their possession.
VGTSX – Vanguard Total International Stock Index Fund Investor Shares stands out as a major player, holding 798K CCP shares equivalent to 1.17% ownership. The firm has upped its stake by 0.16% since its previous filing, although it has scaled down its CCP investments by 46.12% in the last quarter.
VTMGX – Vanguard Developed Markets Index Fund Admiral Shares remains steady with 468K CCP shares, representing 0.69% ownership, with no changes reported in the recent quarter.
Dfa Investment Trust Co – The Asia Pacific Small Company Series has decreased its CCP exposure by 3.75%, holding 438K shares, equivalent to 0.64% ownership. The firm’s portfolio allocation in CCP dipped by 46.95% in the last quarter.
IEFA – iShares Core MSCI EAFE ETF showcases growth, holding 387K CCP shares, equivalent to 0.57% ownership. The firm has increased its stake by 2.21%, despite decreasing its portfolio allocation in CCP by 45.74% in the last quarter.
SCZ – iShares MSCI EAFE Small-Cap ETF has reduced its CCP holdings by 8.12%, now owning 269K shares, or 0.40% ownership. The firm has slashed its portfolio allocation in CCP by 44.80% over the last quarter.
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The perspectives and thoughts articulated in this piece are solely those of the author and may not necessarily align with the views of Nasdaq, Inc.
