Jane Street Group LLC reduced its holdings in EZCORP Inc (NASDAQ:EZPW) by 33.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,831 shares of the credit services provider’s stock after selling 6,570 shares during the quarter. Jane Street Group LLC’s holdings in EZCORP were worth $99,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan bought a new stake in shares of EZCORP during the 4th quarter valued at $1,524,000. Metropolitan Life Insurance Co. NY raised its position in shares of EZCORP by 437.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 19,779 shares of the credit services provider’s stock valued at $153,000 after acquiring an additional 16,102 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of EZCORP by 10.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 330,004 shares of the credit services provider’s stock valued at $2,551,000 after acquiring an additional 31,129 shares during the last quarter. Bank of America Corp DE raised its position in shares of EZCORP by 5.1% during the 4th quarter. Bank of America Corp DE now owns 856,763 shares of the credit services provider’s stock valued at $6,622,000 after acquiring an additional 41,898 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of EZCORP during the 4th quarter valued at $110,000. 99.00% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have commented on the stock. BidaskClub upgraded shares of EZCORP from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. B. Riley assumed coverage on shares of EZCORP in a research report on Friday, April 12th. They set a “buy” rating and a $14.00 target price for the company. Finally, Zacks Investment Research cut shares of EZCORP from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. EZCORP currently has a consensus rating of “Buy” and an average price target of $12.50.
Shares of EZPW stock opened at $10.76 on Friday. EZCORP Inc has a 12-month low of $7.45 and a 12-month high of $15.10. The firm has a market capitalization of $596.59 million, a PE ratio of 12.96 and a beta of 1.68. 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 announced its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. EZCORP had a net margin of 2.68% and a return on equity of 6.47%. The company had revenue of $218.10 million during the quarter, compared to analyst estimates of $220.63 million. During the same quarter in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. Equities analysts expect that EZCORP Inc will post 0.96 EPS for the current fiscal year.
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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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