ExodusPoint Capital Management LP Raises Position in EZCORP, Inc. (NASDAQ:EZPW)

ExodusPoint Capital Management LP lifted its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW) by 72.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 230,496 shares of the credit services provider’s stock after purchasing an additional 96,741 shares during the quarter. ExodusPoint Capital Management LP’s holdings in EZCORP were worth $2,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Investing LLC purchased a new stake in EZCORP in the 4th quarter valued at about $865,000. Barclays PLC grew its holdings in EZCORP by 11.3% in the third quarter. Barclays PLC now owns 92,166 shares of the credit services provider’s stock valued at $1,033,000 after purchasing an additional 9,328 shares during the period. FMR LLC grew its holdings in EZCORP by 37.8% in the third quarter. FMR LLC now owns 236,747 shares of the credit services provider’s stock valued at $2,654,000 after purchasing an additional 64,926 shares during the period. Raymond James Financial Inc. acquired a new position in EZCORP during the fourth quarter worth approximately $1,860,000. Finally, HighTower Advisors LLC raised its stake in EZCORP by 107.2% during the third quarter. HighTower Advisors LLC now owns 37,439 shares of the credit services provider’s stock worth $428,000 after purchasing an additional 19,368 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

EZCORP Trading Up 1.8 %

NASDAQ:EZPW opened at $15.50 on Tuesday. The business’s 50-day moving average is $13.76 and its two-hundred day moving average is $12.53. The firm has a market capitalization of $851.55 million, a PE ratio of 13.48 and a beta of 0.81. EZCORP, Inc. has a 12 month low of $9.66 and a 12 month high of $16.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.07. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. Research analysts predict that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on EZPW. Roth Capital set a $16.00 price objective on shares of EZCORP in a research note on Monday, March 17th. Stephens reissued an “equal weight” rating and set a $13.50 price target on shares of EZCORP in a research report on Thursday, February 6th. StockNews.com downgraded EZCORP from a “buy” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity Group boosted their target price on EZCORP from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Roth Mkm began coverage on shares of EZCORP in a research report on Monday, March 17th. They set a “buy” rating and a $16.00 target price for the company. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.88.

EZCORP Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.