110,651 Shares in EZCORP, Inc. (EZPW) Acquired by ClariVest Asset Management LLC
ClariVest Asset Management LLC bought a new position in shares of EZCORP, Inc. (NASDAQ:EZPW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 110,651 shares of the credit services provider’s stock, valued at approximately $1,052,000. ClariVest Asset Management LLC owned 0.20% of EZCORP as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC raised its holdings in EZCORP by 50.4% during the 3rd quarter. SG Americas Securities LLC now owns 161,449 shares of the credit services provider’s stock worth $1,534,000 after buying an additional 54,132 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in EZCORP by 25.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 69,445 shares of the credit services provider’s stock worth $660,000 after buying an additional 14,043 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in EZCORP by 3.4% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 236,690 shares of the credit services provider’s stock worth $2,249,000 after buying an additional 7,820 shares during the period. BNP Paribas Arbitrage SA raised its holdings in EZCORP by 38.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 32,379 shares of the credit services provider’s stock worth $308,000 after buying an additional 8,940 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in EZCORP by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 387,037 shares of the credit services provider’s stock worth $3,677,000 after buying an additional 16,193 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.
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Several analysts have commented on the stock. 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 downgraded shares of EZCORP from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Sidoti assumed coverage on shares of EZCORP in a report on Thursday, August 10th. They issued a “neutral” rating on the stock. Finally, ValuEngine upgraded shares of EZCORP from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.33.
Shares of EZCORP, Inc. (NASDAQ EZPW) opened at $11.55 on Wednesday. The company has a quick ratio of 5.88, a current ratio of 8.01 and a debt-to-equity ratio of 0.43. EZCORP, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $12.00. The stock has a market cap of $618.97, a P/E ratio of 18.69 and a beta of 1.92.
EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, November 15th. The credit services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The business had revenue of $182.07 million for the quarter, compared to the consensus estimate of $188.84 million. EZCORP had a net margin of 4.26% and a return on equity of 5.40%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.31) earnings per share. sell-side analysts predict that EZCORP, Inc. will post 0.79 EPS for the current fiscal 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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