TIAA CREF Investment Management LLC decreased its holdings in EZCORP Inc (NASDAQ:EZPW) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,746 shares of the credit services provider’s stock after selling 12,237 shares during the period. TIAA CREF Investment Management LLC’s holdings in EZCORP were worth $1,099,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Fosun International Ltd bought a new position in shares of EZCORP during the third quarter worth approximately $126,000. Iberiabank Corp bought a new position in shares of EZCORP during the third quarter worth approximately $129,000. United Services Automobile Association increased its stake in shares of EZCORP by 51.0% during the second quarter. United Services Automobile Association now owns 15,386 shares of the credit services provider’s stock worth $185,000 after purchasing an additional 5,196 shares during the period. Jane Street Group LLC bought a new position in shares of EZCORP during the third quarter worth approximately $208,000. Finally, Granite Investment Partners LLC bought a new position in shares of EZCORP during the third quarter worth approximately $418,000.
A number of equities analysts have recently weighed in on the company. ValuEngine upgraded EZCORP from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Zacks Investment Research upgraded EZCORP from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Monday, November 19th. BidaskClub upgraded EZCORP from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, TheStreet lowered EZCORP from a “b-” rating to a “c+” rating in a research note on Thursday, January 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. EZCORP presently has an average rating of “Buy” and an average target price of $13.00.
NASDAQ:EZPW traded up $0.01 during trading hours on Monday, reaching $10.09. 801 shares of the company were exchanged, compared to its average volume of 518,603. The company has a market capitalization of $558.89 million, a P/E ratio of 12.76 and a beta of 1.74. EZCORP Inc has a 1-year low of $7.45 and a 1-year high of $15.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 2.26.
EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.09. The business had revenue of $218.10 million for the quarter, compared to the consensus estimate of $220.63 million. EZCORP had a return on equity of 6.47% and a net margin of 2.68%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, sell-side analysts anticipate that EZCORP Inc will post 0.9 EPS for the current fiscal year.
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EZCORP Company Profile
EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.
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