Arizona State Retirement System Holds Holdings in EZCORP, Inc. (EZPW)
Arizona State Retirement System held its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,401 shares of the credit services provider’s stock at the end of the second quarter. Arizona State Retirement System’s holdings in EZCORP were worth $196,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings 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 during the period. Trexquant Investment LP acquired a new stake in EZCORP in the second quarter worth $114,000. Algert Global LLC acquired a new stake in EZCORP in the second quarter worth $124,000. Hartford Investment Management Co. acquired a new stake in EZCORP in the second quarter worth $128,000. Finally, Oxford Asset Management acquired a new stake in EZCORP in the first quarter worth $130,000. Institutional investors and hedge funds own 89.43% of the company’s stock.
Several research firms have weighed in on EZPW. Jefferies Group LLC upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $10.50 target price on the stock in a report on Friday, August 4th. Zacks Investment Research lowered shares of EZCORP from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a report on Monday, July 24th. TheStreet upgraded shares of EZCORP from a “d+” rating to a “c-” rating in a report on Friday, May 19th. Finally, Sidoti began coverage on shares of EZCORP in a report 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 company’s stock. The company has a consensus rating of “Hold” and an average price target of $9.50.
Shares of EZCORP, Inc. (NASDAQ EZPW) opened at 9.25 on Wednesday. The company’s 50 day moving average is $8.75 and its 200-day moving average is $8.56. The firm has a market capitalization of $502.24 million, a price-to-earnings ratio of 21.31 and a beta of 1.95. EZCORP, Inc. has a one year low of $7.55 and a one year high of $12.00.
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 Zacks’ consensus estimate of $0.11 by ($0.01). EZCORP had a net margin of 3.16% and a return on equity of 3.65%. The company had revenue of $183.60 million for the quarter, compared to analyst estimates of $182.10 million. The company’s revenue was up 7.9% on a year-over-year basis. Equities analysts expect that EZCORP, Inc. will post $0.54 EPS for the current year.
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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