Russell Investments Group Ltd. lowered its holdings in EZCORP Inc (NASDAQ:EZPW) by 34.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 229,603 shares of the credit services provider’s stock after selling 118,257 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.42% of EZCORP worth $2,181,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EZPW. Trexquant Investment LP bought a new position in EZCORP during the 2nd quarter valued at approximately $114,000. Loews Corp increased its position in EZCORP by 55.2% during the 2nd quarter. Loews Corp now owns 19,391 shares of the credit services provider’s stock valued at $149,000 after buying an additional 6,900 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in EZCORP by 41.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,439 shares of the credit services provider’s stock valued at $180,000 after buying an additional 6,853 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in EZCORP during the 3rd quarter valued at approximately $188,000. Finally, Voya Investment Management LLC increased its position in EZCORP by 13.9% during the 2nd quarter. Voya Investment Management LLC now owns 26,290 shares of the credit services provider’s stock valued at $202,000 after buying an additional 3,208 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.
EZCORP Inc (NASDAQ EZPW) traded down $0.05 during midday trading on Friday, reaching $12.05. The company had a trading volume of 1,244,059 shares, compared to its average volume of 525,711. The stock has a market capitalization of $658.20, a P/E ratio of 20.42 and a beta of 1.97. The company has a quick ratio of 5.88, a current ratio of 8.01 and a debt-to-equity ratio of 0.43. EZCORP Inc has a 12 month low of $7.55 and a 12 month high of $12.50.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. EZCORP had a return on equity of 5.40% and a net margin of 4.26%. The business had revenue of $182.07 million for the quarter, compared to the consensus estimate of $188.84 million. During the same period in the previous year, the business earned ($0.31) earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. sell-side analysts anticipate that EZCORP Inc will post 0.84 earnings per share for the current fiscal year.
A number of analysts have commented on the company. ValuEngine raised EZCORP from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub lowered EZCORP from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Jefferies Group restated a “buy” rating and issued a $13.00 price target on shares of EZCORP in a research note on Friday, November 17th. Finally, Zacks Investment Research upgraded EZCORP from a “sell” rating to a “hold” rating and set a $13.00 price target on the stock in a research note on Thursday, November 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $13.00.
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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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