EZCORP, Inc. (EZPW) Stake Raised by Texas Permanent School Fund
Texas Permanent School Fund boosted its stake in EZCORP, Inc. (NASDAQ:EZPW) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,597 shares of the credit services provider’s stock after buying an additional 297 shares during the period. Texas Permanent School Fund owned about 0.07% of EZCORP worth $274,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in EZCORP by 2.2% in the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Hartford Investment Management Co. purchased a new position in EZCORP during the second quarter valued at $128,000. Oxford Asset Management purchased a new position in EZCORP during the first quarter valued at $130,000. Teachers Retirement System of The State of Kentucky raised its position in EZCORP by 833.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 16,800 shares of the credit services provider’s stock valued at $137,000 after buying an additional 15,000 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in EZCORP during the first quarter valued at $153,000. Institutional investors own 89.43% of the company’s stock.
EZCORP, Inc. (EZPW) opened at 9.05 on Wednesday. The company has a 50-day moving average of $8.36 and a 200-day moving average of $8.58. EZCORP, Inc. has a 52 week low of $7.55 and a 52 week high of $12.00. The firm has a market cap of $491.38 million, a price-to-earnings ratio of 20.85 and a beta of 1.98.
EZCORP (NASDAQ:EZPW) last released its earnings results on Monday, July 31st. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $183.60 million during the quarter, compared to analysts’ expectations of $182.10 million. EZCORP had a return on equity of 3.65% and a net margin of 3.16%. EZCORP’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts forecast that EZCORP, Inc. will post $0.54 earnings per share for the current fiscal year.
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Several research firms have recently weighed in on EZPW. Jefferies Group LLC upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $10.50 price objective on the stock in a research note on Friday, August 4th. Zacks Investment Research lowered shares of EZCORP from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. BidaskClub upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. TheStreet upgraded shares of EZCORP from a “d+” rating to a “c-” rating in a research note on Friday, May 19th. Finally, Sidoti assumed coverage on shares of EZCORP in a research note on Thursday, August 10th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.42.
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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