Millennium Management LLC Boosts Stock Position in EZCORP, Inc. (NASDAQ:EZPW)

Millennium Management LLC lifted its position in EZCORP, Inc. (NASDAQ:EZPW) by 23.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,195,784 shares of the credit services provider’s stock after buying an additional 231,018 shares during the quarter. Millennium Management LLC’s holdings in EZCORP were worth $14,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP raised its holdings in shares of EZCORP by 11.8% in the 4th quarter. Aigen Investment Management LP now owns 19,800 shares of the credit services provider’s stock valued at $242,000 after buying an additional 2,088 shares during the period. LPL Financial LLC raised its holdings in shares of EZCORP by 39.3% in the 4th quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider’s stock valued at $176,000 after buying an additional 4,070 shares during the period. Bank of New York Mellon Corp increased its holdings in EZCORP by 1.7% during the 4th quarter. Bank of New York Mellon Corp now owns 304,235 shares of the credit services provider’s stock worth $3,718,000 after purchasing an additional 5,034 shares during the period. Exchange Traded Concepts LLC increased its holdings in EZCORP by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 151,628 shares of the credit services provider’s stock worth $1,853,000 after purchasing an additional 6,205 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in EZCORP by 47.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 19,753 shares of the credit services provider’s stock worth $241,000 after purchasing an additional 6,360 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

EZPW has been the topic of several recent research reports. Roth Mkm initiated coverage on EZCORP in a report on Monday, March 17th. They set a “buy” rating and a $16.00 price target on the stock. BTIG Research initiated coverage on EZCORP in a report on Wednesday, May 14th. They set a “neutral” rating on the stock. Stephens restated an “equal weight” rating and set a $17.00 price target on shares of EZCORP in a report on Tuesday. Canaccord Genuity Group cut their price target on EZCORP from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded EZCORP from a “strong-buy” rating to a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.25.

EZCORP Trading Down 2.2%

EZPW opened at $13.14 on Friday. EZCORP, Inc. has a one year low of $9.66 and a one year high of $16.60. The company has a market cap of $722.88 million, a P/E ratio of 11.43 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91. The business’s 50-day simple moving average is $15.07 and its 200-day simple moving average is $13.43.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings data on Monday, April 28th. The credit services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. The business had revenue of $306.32 million for the quarter, compared to the consensus estimate of $310.35 million. As a group, equities research analysts expect that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

EZCORP Company 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.