Deutsche Bank AG Trims Position in EZCORP, Inc. $EZPW

Deutsche Bank AG cut its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW) by 71.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,204 shares of the credit services provider’s stock after selling 425,125 shares during the period. Deutsche Bank AG owned 0.30% of EZCORP worth $2,447,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new position in shares of EZCORP during the first quarter valued at approximately $382,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of EZCORP by 6.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,641 shares of the credit services provider’s stock valued at $1,132,000 after buying an additional 5,524 shares during the period. SG Americas Securities LLC purchased a new position in shares of EZCORP during the first quarter valued at approximately $902,000. Janney Montgomery Scott LLC increased its stake in shares of EZCORP by 680.7% during the first quarter. Janney Montgomery Scott LLC now owns 148,480 shares of the credit services provider’s stock valued at $2,186,000 after buying an additional 129,460 shares during the period. Finally, LPL Financial LLC increased its stake in shares of EZCORP by 39.3% during the fourth 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. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EZCORP

In other news, COO John Blair Jr. Powell sold 3,500 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $13.81, for a total value of $48,335.00. Following the sale, the chief operating officer directly owned 145,983 shares of the company’s stock, valued at approximately $2,016,025.23. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.13% of the company’s stock.

EZCORP Trading Up 0.4%

NASDAQ EZPW opened at $15.64 on Thursday. EZCORP, Inc. has a 12 month low of $10.56 and a 12 month high of $16.60. The stock has a market cap of $952.48 million, a P/E ratio of 12.22 and a beta of 0.56. The stock’s fifty day moving average price is $14.17 and its 200-day moving average price is $14.24. The company has a current ratio of 6.31, a quick ratio of 5.00 and a debt-to-equity ratio of 0.52.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EZPW shares. BTIG Research initiated coverage on EZCORP in a research note on Wednesday, May 14th. They set a “neutral” rating on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $25.00 price target on shares of EZCORP in a research note on Friday, August 1st. Stephens reaffirmed an “equal weight” rating and issued a $17.00 price target on shares of EZCORP in a research note on Tuesday, May 20th. Finally, Wall Street Zen raised EZCORP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, EZCORP has a consensus rating of “Moderate Buy” and an average target price of $18.50.

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.