Royal Bank of Canada lifted its stake in EZCORP Inc (NASDAQ:EZPW) by 3,880.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,904 shares of the credit services provider’s stock after purchasing an additional 19,404 shares during the quarter. Royal Bank of Canada’s holdings in EZCORP were worth $83,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Holdings Inc. bought a new stake in shares of EZCORP in the 1st quarter worth approximately $60,000. Invesco Ltd. lifted its holdings in shares of EZCORP by 44.1% during the 1st quarter. Invesco Ltd. now owns 689,759 shares of the credit services provider’s stock valued at $2,876,000 after buying an additional 211,248 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of EZCORP by 5.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 44,054 shares of the credit services provider’s stock valued at $184,000 after buying an additional 2,199 shares during the period. Geode Capital Management LLC lifted its holdings in shares of EZCORP by 7.0% during the 1st quarter. Geode Capital Management LLC now owns 779,575 shares of the credit services provider’s stock valued at $3,250,000 after buying an additional 51,143 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of EZCORP by 48.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,447 shares of the credit services provider’s stock valued at $110,000 after buying an additional 8,626 shares during the period. 86.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EZPW stock opened at $5.72 on Friday. EZCORP Inc has a 52-week low of $3.41 and a 52-week high of $10.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.73 and a current ratio of 5.30. The firm has a market capitalization of $315.00 million, a PE ratio of -8.54 and a beta of 1.81. The stock has a fifty day simple moving average of $5.93 and a two-hundred day simple moving average of $5.31.
EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Monday, May 11th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.17. EZCORP had a positive return on equity of 5.34% and a negative net margin of 4.30%. The business had revenue of $223.28 million during the quarter, compared to analyst estimates of $226.34 million. During the same quarter in the prior year, the business posted $0.22 EPS. EZCORP’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that EZCORP Inc will post 0.46 EPS for the current fiscal year.
Several equities research analysts have recently commented on the company. Sidoti reduced their price objective on EZCORP from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. BidaskClub lowered EZCORP from a “hold” rating to a “sell” rating in a research note on Wednesday, July 15th. B. Riley restated a “buy” rating on shares of EZCORP in a research note on Wednesday, May 13th. ValuEngine upgraded EZCORP from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research lowered EZCORP from a “hold” rating to a “sell” rating in a research note on Monday, July 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.75.
EZCORP Company Profile
EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.
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