EZCORP Inc (NASDAQ:EZPW) Stake Lessened by Arizona State Retirement System

Arizona State Retirement System lowered its holdings in EZCORP Inc (NASDAQ:EZPW) by 7.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,907 shares of the credit services provider’s stock after selling 6,330 shares during the quarter. Arizona State Retirement System owned 0.14% of EZCORP worth $903,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Comerica Bank raised its stake in EZCORP by 104.9% in the first quarter. Comerica Bank now owns 107,955 shares of the credit services provider’s stock valued at $1,441,000 after purchasing an additional 55,266 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in EZCORP by 17.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 49,477 shares of the credit services provider’s stock valued at $653,000 after purchasing an additional 7,476 shares in the last quarter. Engineers Gate Manager LP raised its stake in EZCORP by 8.8% in the first quarter. Engineers Gate Manager LP now owns 52,255 shares of the credit services provider’s stock valued at $690,000 after purchasing an additional 4,232 shares in the last quarter. ClariVest Asset Management LLC raised its stake in EZCORP by 20.2% in the first quarter. ClariVest Asset Management LLC now owns 133,032 shares of the credit services provider’s stock valued at $1,757,000 after purchasing an additional 22,381 shares in the last quarter. Finally, Rovida Advisors Inc. raised its stake in EZCORP by 45.6% in the first quarter. Rovida Advisors Inc. now owns 3,745,190 shares of the credit services provider’s stock valued at $49,249,000 after purchasing an additional 1,172,190 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

NASDAQ EZPW traded up $0.08 on Friday, reaching $10.52. 385,152 shares of the company’s stock traded hands, compared to its average volume of 574,804. EZCORP Inc has a 12 month low of $9.28 and a 12 month high of $15.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.72 and a quick ratio of 2.16. The stock has a market capitalization of $582.77 million, a P/E ratio of 16.97 and a beta of 1.44.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Wednesday, August 1st. The credit services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). EZCORP had a net margin of 6.41% and a return on equity of 6.90%. The business had revenue of $199.94 million for the quarter, compared to the consensus estimate of $198.24 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, equities analysts expect that EZCORP Inc will post 0.75 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on EZPW shares. Sidoti raised shares of EZCORP from a “neutral” rating to a “buy” rating in a research note on Thursday, June 28th. Zacks Investment Research cut shares of EZCORP from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 3rd. BidaskClub cut shares of EZCORP from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Finally, ValuEngine cut shares of EZCORP from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $16.50.

About EZCORP

EZCORP, Inc provides pawn loans. The company operates through three segments: U.S. Pawn, Mexico Pawn, and Other International. It offers pawn loans, which are non-recourse loans collateralized by tangible personal property, such as jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, including collateral forfeited from pawn lending operations and used merchandise purchased from customers.

Further Reading: Terms to Better Understand Call Options

Institutional Ownership by Quarter for EZCORP (NASDAQ:EZPW)

Receive News & Ratings for EZCORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EZCORP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply