EZCORP, Inc. $EZPW Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its stake in EZCORP, Inc. (NASDAQ:EZPW) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,349 shares of the credit services provider’s stock after selling 32,903 shares during the period. Exchange Traded Concepts LLC owned 0.31% of EZCORP worth $3,643,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of EZCORP by 0.9% during the second quarter. Rhumbline Advisers now owns 73,064 shares of the credit services provider’s stock worth $1,014,000 after acquiring an additional 648 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in EZCORP by 7.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,362 shares of the credit services provider’s stock valued at $185,000 after purchasing an additional 926 shares during the period. State of Alaska Department of Revenue grew its position in EZCORP by 7.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 31,003 shares of the credit services provider’s stock worth $429,000 after purchasing an additional 2,208 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of EZCORP in the second quarter valued at approximately $31,000. Finally, HighTower Advisors LLC increased its stake in shares of EZCORP by 9.3% in the first quarter. HighTower Advisors LLC now owns 39,760 shares of the credit services provider’s stock valued at $585,000 after purchasing an additional 3,393 shares during the period. 99.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EZPW shares. Canaccord Genuity Group increased their price objective on EZCORP from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, November 17th. JMP Securities set a $23.00 price target on EZCORP in a research note on Monday, November 3rd. Citigroup reissued a “market outperform” rating on shares of EZCORP in a report on Friday, November 14th. Citizens Jmp initiated coverage on shares of EZCORP in a report on Monday, November 3rd. They issued a “market outperform” rating and a $23.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EZCORP in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, EZCORP currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

EZCORP Stock Performance

NASDAQ:EZPW opened at $20.25 on Thursday. The company has a current ratio of 5.61, a quick ratio of 4.37 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $18.83 and a 200-day moving average of $16.75. EZCORP, Inc. has a twelve month low of $11.60 and a twelve month high of $21.49. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 14.36 and a beta of 0.52.

EZCORP (NASDAQ:EZPW) last released its earnings results on Thursday, November 13th. The credit services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $335.90 million during the quarter, compared to analyst estimates of $325.09 million. EZCORP had a net margin of 8.60% and a return on equity of 12.00%. Analysts forecast that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

About EZCORP

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.