EZCORP, Inc. (EZPW) Shares Sold by Acadian Asset Management LLC
Acadian Asset Management LLC reduced its stake in shares of EZCORP, Inc. (NASDAQ:EZPW) by 34.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,328 shares of the credit services provider’s stock after selling 163,354 shares during the period. Acadian Asset Management LLC owned about 0.57% of EZCORP worth $2,398,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in EZPW. Dimensional Fund Advisors LP raised its position in shares of EZCORP by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,783,607 shares of the credit services provider’s stock valued at $30,836,000 after buying an additional 237,958 shares during the period. Vanguard Group Inc. raised its position in shares of EZCORP by 6.3% in the first quarter. Vanguard Group Inc. now owns 3,556,315 shares of the credit services provider’s stock valued at $28,984,000 after buying an additional 211,793 shares during the period. Lafitte Capital Management LP raised its position in shares of EZCORP by 8.4% in the first quarter. Lafitte Capital Management LP now owns 3,540,000 shares of the credit services provider’s stock valued at $28,851,000 after buying an additional 275,127 shares during the period. Rovida Advisors Inc. raised its position in shares of EZCORP by 27.3% in the first quarter. Rovida Advisors Inc. now owns 2,546,409 shares of the credit services provider’s stock valued at $20,626,000 after buying an additional 546,409 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of EZCORP by 10.1% in the first quarter. Renaissance Technologies LLC now owns 1,159,718 shares of the credit services provider’s stock valued at $9,452,000 after buying an additional 106,800 shares during the period. 86.10% of the stock is owned by institutional investors.
EZCORP, Inc. (NASDAQ EZPW) traded up 0.286% during midday trading on Monday, reaching $8.775. 750,006 shares of the company traded hands. EZCORP, Inc. has a 12-month low of $7.55 and a 12-month high of $12.00. The company has a 50 day moving average of $8.20 and a 200-day moving average of $8.67. The stock has a market capitalization of $476.45 million, a P/E ratio of 20.219 and a beta of 1.98.
EZCORP (NASDAQ:EZPW) last posted its quarterly earnings results on Monday, July 31st. The credit services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $183.60 million during the quarter, compared to analyst estimates of $182.10 million. EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts anticipate that EZCORP, Inc. will post $0.53 EPS for the current fiscal year.
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EZPW has been the subject of several research analyst reports. BidaskClub lowered shares of EZCORP from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $10.50 price objective on shares of EZCORP in a research report on Friday, June 16th. TheStreet raised shares of EZCORP from a “d+” rating to a “c-” rating in a research report on Friday, May 19th. Finally, Zacks Investment Research raised shares of EZCORP from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research report on Wednesday, April 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.88.
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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