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

ExodusPoint Capital Management LP increased its position in shares of EZCORP, Inc. (NASDAQ:EZPW) by 72.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 230,496 shares of the credit services provider’s stock after purchasing an additional 96,741 shares during the period. ExodusPoint Capital Management LP owned approximately 0.42% of EZCORP worth $2,817,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EZPW. State Street Corp raised its stake in shares of EZCORP by 0.3% during the 3rd quarter. State Street Corp now owns 1,084,777 shares of the credit services provider’s stock worth $12,160,000 after buying an additional 2,809 shares in the last quarter. Two Sigma Advisers LP raised its position in EZCORP by 25.0% in the third quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider’s stock worth $11,320,000 after acquiring an additional 201,700 shares in the last quarter. Royce & Associates LP lifted its holdings in EZCORP by 77.6% in the fourth quarter. Royce & Associates LP now owns 658,515 shares of the credit services provider’s stock valued at $8,047,000 after acquiring an additional 287,818 shares during the period. Geode Capital Management LLC lifted its holdings in EZCORP by 1.8% in the third quarter. Geode Capital Management LLC now owns 595,870 shares of the credit services provider’s stock valued at $6,683,000 after acquiring an additional 10,390 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of EZCORP by 38.6% during the 4th quarter. JPMorgan Chase & Co. now owns 590,016 shares of the credit services provider’s stock worth $7,210,000 after purchasing an additional 164,260 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

EZCORP Trading Up 1.8 %

Shares of EZCORP stock opened at $15.50 on Tuesday. EZCORP, Inc. has a 1 year low of $9.66 and a 1 year 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. The business has a 50 day moving average price of $13.76 and a 200 day moving average price of $12.53. The company has a market capitalization of $851.55 million, a P/E ratio of 13.48 and a beta of 0.81.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. Sell-side analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

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.