Invesco Ltd. Increases Position in EZCORP Inc (NASDAQ:EZPW)

Invesco Ltd. boosted its holdings in EZCORP Inc (NASDAQ:EZPW) by 49.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 342,048 shares of the credit services provider’s stock after purchasing an additional 113,685 shares during the quarter. Invesco Ltd. owned about 0.62% of EZCORP worth $3,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EZPW. Pinebridge Investments L.P. lifted its stake in shares of EZCORP by 39.0% in the second quarter. Pinebridge Investments L.P. now owns 94,076 shares of the credit services provider’s stock worth $891,000 after buying an additional 26,378 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of EZCORP by 44.7% in the second quarter. Renaissance Technologies LLC now owns 1,794,921 shares of the credit services provider’s stock worth $16,998,000 after buying an additional 554,121 shares in the last quarter. Aperio Group LLC lifted its stake in shares of EZCORP by 27.0% in the second quarter. Aperio Group LLC now owns 38,137 shares of the credit services provider’s stock worth $361,000 after buying an additional 8,097 shares in the last quarter. James Investment Research Inc. lifted its stake in shares of EZCORP by 21.2% in the second quarter. James Investment Research Inc. now owns 64,500 shares of the credit services provider’s stock worth $611,000 after buying an additional 11,285 shares in the last quarter. Finally, Quantamental Technologies LLC lifted its stake in shares of EZCORP by 373.3% in the second quarter. Quantamental Technologies LLC now owns 5,112 shares of the credit services provider’s stock worth $48,000 after buying an additional 4,032 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Several research analysts have recently issued reports on EZPW shares. Jefferies Financial Group downgraded shares of EZCORP from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. ValuEngine upgraded shares of EZCORP from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. BidaskClub downgraded shares of EZCORP from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 3rd. TheStreet downgraded shares of EZCORP from a “b-” rating to a “c” rating in a research note on Monday, August 5th. Finally, Zacks Investment Research downgraded shares of EZCORP from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.50.

Shares of EZCORP stock opened at $5.83 on Tuesday. The company has a market cap of $308.83 million, a price-to-earnings ratio of 7.37 and a beta of 1.74. The company’s 50 day moving average is $7.14 and its 200 day moving average is $8.92. EZCORP Inc has a twelve month low of $5.32 and a twelve month high of $11.25. The company has a quick ratio of 5.66, a current ratio of 8.07 and a debt-to-equity ratio of 0.32.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. The company had revenue of $206.92 million for the quarter, compared to the consensus estimate of $216.17 million. EZCORP had a net margin of 0.26% and a return on equity of 6.52%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Sell-side analysts expect that EZCORP Inc will post 0.87 EPS for the current fiscal year.

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.

Recommended Story: Investing in Growth Stocks

Institutional Ownership by Quarter for EZCORP (NASDAQ:EZPW)

Receive News & Ratings for EZCORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EZCORP and related companies with MarketBeat.com's FREE daily email newsletter.