EZCORP Inc (EZPW) Position Reduced by Hodges Capital Management Inc.

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Hodges Capital Management Inc. lessened its holdings in EZCORP Inc (NASDAQ:EZPW) by 71.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 31,150 shares of the credit services provider’s stock after selling 79,500 shares during the quarter. Hodges Capital Management Inc.’s holdings in EZCORP were worth $290,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EZPW. Millennium Management LLC increased its holdings in EZCORP by 393.8% in the fourth quarter. Millennium Management LLC now owns 866,014 shares of the credit services provider’s stock valued at $6,694,000 after buying an additional 690,645 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in EZCORP in the fourth quarter valued at $3,687,000. BlackRock Inc. increased its holdings in EZCORP by 3.5% in the fourth quarter. BlackRock Inc. now owns 7,842,921 shares of the credit services provider’s stock valued at $60,627,000 after buying an additional 264,920 shares during the last quarter. QS Investors LLC purchased a new position in EZCORP in the fourth quarter valued at $1,641,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in EZCORP in the fourth quarter valued at $1,524,000. 99.00% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ EZPW opened at $10.71 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 2.26. EZCORP Inc has a 1 year low of $7.45 and a 1 year high of $15.10. The firm has a market capitalization of $584.39 million, a price-to-earnings ratio of 13.56 and a beta of 1.68.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. EZCORP had a net margin of 2.68% and a return on equity of 6.47%. The company had revenue of $218.10 million during the quarter, compared to the consensus estimate of $220.63 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. EZCORP’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that EZCORP Inc will post 0.96 EPS for the current fiscal year.

EZPW has been the topic of several recent analyst reports. Zacks Investment Research raised EZCORP from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, January 31st. BidaskClub downgraded shares of EZCORP from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. B. Riley started coverage on shares of EZCORP in a research note on Friday, April 12th. They issued a “buy” rating and a $14.00 price objective for the company. ValuEngine upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, TheStreet downgraded shares of EZCORP from a “b-” rating to a “c+” rating in a research note on Thursday, January 10th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.50.

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About EZCORP

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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Want to see what other hedge funds are holding EZPW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EZCORP Inc (NASDAQ:EZPW).

Institutional Ownership by Quarter for EZCORP (NASDAQ:EZPW)

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