Carnegie Investment Counsel Has $171,000 Stock Position in EZCORP, Inc. $EZPW

Carnegie Investment Counsel reduced its holdings in EZCORP, Inc. (NASDAQ:EZPW) by 6.8% during the 2nd quarter, Holdings Channel reports. The fund owned 12,325 shares of the credit services provider’s stock after selling 900 shares during the quarter. Carnegie Investment Counsel’s holdings in EZCORP were worth $171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. USA Financial Formulas acquired a new position in shares of EZCORP in the 2nd quarter worth approximately $31,000. GAMMA Investing LLC boosted its holdings in shares of EZCORP by 60.4% in the 1st quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider’s stock worth $75,000 after acquiring an additional 1,906 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of EZCORP in the 1st quarter worth approximately $91,000. Quarry LP boosted its holdings in shares of EZCORP by 652.4% in the 1st quarter. Quarry LP now owns 7,637 shares of the credit services provider’s stock worth $112,000 after acquiring an additional 6,622 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of EZCORP in the 2nd quarter worth approximately $139,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EZPW has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of EZCORP in a report on Wednesday, October 8th. Canaccord Genuity Group upped their price objective on EZCORP from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.00.

EZCORP Stock Performance

Shares of EZCORP stock opened at $18.09 on Tuesday. The firm has a fifty day moving average of $17.63 and a two-hundred day moving average of $15.49. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.13 and a beta of 0.62. EZCORP, Inc. has a 52 week low of $11.09 and a 52 week high of $19.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.00 and a current ratio of 6.31.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, July 30th. The credit services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. EZCORP had a net margin of 7.96% and a return on equity of 11.85%. The company had revenue of $310.98 million during the quarter, compared to analysts’ expectations of $302.25 million. As a group, equities research analysts predict that EZCORP, Inc. will post 1.3 EPS for the current year.

Insider Activity at EZCORP

In related news, Director Matthew W. Appel sold 9,038 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $18.02, for a total value of $162,864.76. Following the completion of the sale, the director owned 133,371 shares in the company, valued at $2,403,345.42. This represents a 6.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.13% of the stock is currently owned by corporate insiders.

About EZCORP

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.