JPMorgan Chase & Co. bought a new stake in Ezcorp Inc. (NASDAQ:EZPW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 741,342 shares of the company’s stock, valued at approximately $5,605,000. JPMorgan Chase & Co. owned approximately 1.37% of Ezcorp at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lafitte Capital Management LP increased its position in Ezcorp by 41.2% in the first quarter. Lafitte Capital Management LP now owns 3,085,173 shares of the company’s stock valued at $9,163,000 after buying an additional 900,000 shares in the last quarter. Nantahala Capital Management LLC purchased a new position in Ezcorp during the first quarter valued at about $1,675,000. California Public Employees Retirement System increased its position in Ezcorp by 2.2% in the second quarter. California Public Employees Retirement System now owns 536,400 shares of the company’s stock valued at $4,055,000 after buying an additional 11,400 shares in the last quarter. Boston Partners increased its position in Ezcorp by 9.6% in the second quarter. Boston Partners now owns 445,635 shares of the company’s stock valued at $3,369,000 after buying an additional 38,974 shares in the last quarter. Finally, Oxford Asset Management increased its position in Ezcorp by 16.1% in the second quarter. Oxford Asset Management now owns 400,511 shares of the company’s stock valued at $3,028,000 after buying an additional 55,553 shares in the last quarter. 79.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ezcorp Inc. (NASDAQ:EZPW) traded up 0.38% during mid-day trading on Wednesday, hitting $10.65. 47,067 shares of the company’s stock traded hands. The firm has a 50-day moving average of $10.30 and a 200 day moving average of $7.66. The company’s market cap is $574.90 million. Ezcorp Inc. has a 52 week low of $2.44 and a 52 week high of $11.33.
Ezcorp (NASDAQ:EZPW) last announced its earnings results on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Ezcorp had a negative net margin of 23.29% and a negative return on equity of 3.34%. Equities research analysts predict that Ezcorp Inc. will post ($1.57) EPS for the current year.
EZPW has been the topic of several research reports. Wells Fargo & Co. raised Ezcorp from a “market perform” rating to an “outperform” rating in a report on Thursday, July 7th. Zacks Investment Research downgraded Ezcorp from a “buy” rating to a “hold” rating in a report on Friday, August 26th. CL King raised Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 price objective on the stock in a report on Wednesday, August 17th. Finally, Jefferies Group upped their price objective on Ezcorp from $9.00 to $11.00 and gave the stock a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Ezcorp presently has a consensus rating of “Hold” and a consensus price target of $11.08.
Ezcorp Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and 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; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan 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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