CoreCap Advisors LLC Reduces Stock Position in EZCORP, Inc. $EZPW

CoreCap Advisors LLC decreased its position in EZCORP, Inc. (NASDAQ:EZPW) by 81.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,114 shares of the credit services provider’s stock after selling 40,690 shares during the quarter. CoreCap Advisors LLC’s holdings in EZCORP were worth $174,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers grew its stake in shares of EZCORP by 0.9% in the second quarter. Rhumbline Advisers now owns 73,064 shares of the credit services provider’s stock worth $1,014,000 after purchasing an additional 648 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of EZCORP by 7.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,362 shares of the credit services provider’s stock worth $185,000 after buying an additional 926 shares during the last quarter. CWM LLC increased its stake in shares of EZCORP by 126.3% during the third quarter. CWM LLC now owns 3,422 shares of the credit services provider’s stock valued at $65,000 after buying an additional 1,910 shares during the period. State of Alaska Department of Revenue increased its stake in shares of EZCORP by 7.7% during the second quarter. State of Alaska Department of Revenue now owns 31,003 shares of the credit services provider’s stock valued at $429,000 after buying an additional 2,208 shares during the period. Finally, USA Financial Formulas bought a new position in shares of EZCORP during the second quarter valued at approximately $31,000. 99.83% of the stock is owned by institutional investors.

EZCORP Trading Down 2.6%

EZCORP stock opened at $21.34 on Wednesday. EZCORP, Inc. has a 12 month low of $11.60 and a 12 month high of $22.11. 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 business’s fifty day simple moving average is $19.52 and its two-hundred day simple moving average is $17.48. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.13 and a beta of 0.55.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Thursday, November 13th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $335.90 million for the quarter, compared to analysts’ expectations of $325.09 million. EZCORP had a net margin of 8.60% and a return on equity of 12.00%. As a group, equities analysts predict that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on EZPW shares. Canaccord Genuity Group upped their price objective on shares of EZCORP from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Citigroup reissued a “market outperform” rating on shares of EZCORP in a research note on Friday, November 14th. Roth Capital reaffirmed a “buy” rating and set a $26.00 price objective on shares of EZCORP in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of EZCORP in a report on Wednesday, October 8th. Finally, Citizens Jmp began coverage on EZCORP in a research note on Monday, November 3rd. They issued a “market outperform” rating and a $23.00 target price for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.17.

EZCORP Profile

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.