Ajo LP bought a new stake in EZCORP, Inc. (NASDAQ:EZPW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 94,574 shares of the credit services provider’s stock, valued at approximately $728,000. Ajo LP owned approximately 0.17% of EZCORP at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in EZCORP by 2.2% in the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Trexquant Investment LP acquired a new stake in EZCORP in the second quarter valued at approximately $114,000. Oxford Asset Management acquired a new stake in EZCORP in the first quarter valued at approximately $130,000. Algert Global LLC acquired a new stake in EZCORP in the second quarter valued at approximately $124,000. Finally, Hartford Investment Management Co. acquired a new stake in EZCORP in the second quarter valued at approximately $128,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.
EZPW has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research report on Monday, August 7th. Sidoti initiated coverage on shares of EZCORP in a research report on Thursday, August 10th. They issued a “neutral” rating on the stock. BidaskClub lowered shares of EZCORP from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $10.50 target price on shares of EZCORP in a research report on Friday, June 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.50.
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EZCORP, Inc. (EZPW) opened at 9.70 on Thursday. The firm has a market cap of $526.67 million, a price-to-earnings ratio of 22.35 and a beta of 1.95. The stock’s 50 day moving average is $9.00 and its 200-day moving average is $8.58. EZCORP, Inc. has a one year low of $7.55 and a one year high of $12.00.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Monday, July 31st. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). EZCORP had a net margin of 3.16% and a return on equity of 3.65%. The business had revenue of $183.60 million during the quarter, compared to analysts’ expectations of $182.10 million. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts expect that EZCORP, Inc. will post $0.54 earnings per share for the current fiscal year.
EZCORP Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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