Municipal Employees Retirement System of Michigan Acquires 7,820 Shares of EZCORP, Inc. (EZPW)
Municipal Employees Retirement System of Michigan grew its position in EZCORP, Inc. (NASDAQ:EZPW) by 3.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 236,690 shares of the credit services provider’s stock after buying an additional 7,820 shares during the period. Municipal Employees Retirement System of Michigan owned 0.44% of EZCORP worth $2,249,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of EZCORP by 2.2% in the 1st 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. Trexquant Investment LP bought a new stake in shares of EZCORP in the 2nd quarter valued at about $114,000. Algert Global LLC bought a new stake in shares of EZCORP in the 2nd quarter valued at about $124,000. Hartford Investment Management Co. bought a new stake in shares of EZCORP in the 2nd quarter valued at about $128,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of EZCORP by 833.3% in the 1st 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. Institutional investors and hedge funds own 85.01% of the company’s stock.
A number of analysts have recently weighed in on EZPW shares. Zacks Investment Research upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating on shares of EZCORP in a research note on Thursday, September 7th. BidaskClub upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Sidoti began coverage on shares of EZCORP in a research note on Thursday, August 10th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.00.
EZCORP, Inc. (NASDAQ:EZPW) traded down $0.15 on Tuesday, reaching $9.75. 337,200 shares of the company’s stock were exchanged, compared to its average volume of 446,000. EZCORP, Inc. has a 12 month low of $7.55 and a 12 month high of $12.00. The company has a quick ratio of 4.83, a current ratio of 6.61 and a debt-to-equity ratio of 0.42. The stock has a market cap of $537.53, a price-to-earnings ratio of 24.75 and a beta of 1.92.
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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