JPMorgan Chase & Co. cut its position in shares of EZCORP Inc (NASDAQ:EZPW) by 76.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,037 shares of the credit services provider’s stock after selling 320,836 shares during the period. JPMorgan Chase & Co. owned 0.18% of EZCORP worth $1,070,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC lifted its holdings in shares of EZCORP by 40.8% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 56,969 shares of the credit services provider’s stock worth $610,000 after acquiring an additional 16,507 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in EZCORP by 21.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 74,659 shares of the credit services provider’s stock worth $799,000 after purchasing an additional 13,364 shares during the period. Victory Capital Management Inc. grew its holdings in EZCORP by 13.1% in the third quarter. Victory Capital Management Inc. now owns 150,800 shares of the credit services provider’s stock worth $1,614,000 after purchasing an additional 17,500 shares during the period. First Trust Advisors LP acquired a new stake in EZCORP in the third quarter worth $844,000. Finally, Iberiabank Corp acquired a new stake in EZCORP in the third quarter worth $129,000.
A number of equities research analysts have commented on the stock. BidaskClub upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research cut shares of EZCORP from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, ValuEngine cut shares of EZCORP from a “hold” rating to a “sell” rating in a report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. EZCORP has a consensus rating of “Hold” and a consensus target price of $12.50.
Shares of EZPW stock opened at $8.51 on Friday. The stock has a market capitalization of $449.77 million, a price-to-earnings ratio of 10.77 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.27 and a current ratio of 2.91. EZCORP Inc has a 52 week low of $7.45 and a 52 week high of $15.10.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, November 14th. The credit services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $206.30 million for the quarter, compared to analyst estimates of $196.50 million. EZCORP had a net margin of 4.80% and a return on equity of 6.49%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Research analysts predict that EZCORP Inc will post 0.9 earnings per share for the current 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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