EZCORP, Inc. (NASDAQ:EZPW) Position Reduced by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC decreased its position in shares of EZCORP, Inc. (NASDAQ:EZPW) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,984,694 shares of the credit services provider’s stock after selling 98,092 shares during the period. Stephens Investment Management Group LLC owned 3.63% of EZCORP worth $22,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its holdings in shares of EZCORP by 4.1% in the second quarter. Point72 Asset Management L.P. now owns 32,699 shares of the credit services provider’s stock valued at $342,000 after buying an additional 1,299 shares in the last quarter. ARS Investment Partners LLC lifted its holdings in shares of EZCORP by 12.7% in the second quarter. ARS Investment Partners LLC now owns 16,874 shares of the credit services provider’s stock valued at $177,000 after purchasing an additional 1,899 shares in the last quarter. ClariVest Asset Management LLC lifted its holdings in shares of EZCORP by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 102,868 shares of the credit services provider’s stock valued at $1,077,000 after purchasing an additional 2,876 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of EZCORP in the third quarter valued at $32,000. Finally, Quarry LP lifted its holdings in shares of EZCORP by 169.1% in the second quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 2,976 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $19.00 price target on shares of EZCORP in a research note on Friday, October 4th.

EZCORP Trading Up 0.6 %

EZCORP stock opened at $11.56 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.99. The company has a market capitalization of $632.79 million, a price-to-earnings ratio of 11.01 and a beta of 1.02. EZCORP, Inc. has a one year low of $7.72 and a one year high of $12.23. The company’s fifty day moving average price is $11.38 and its two-hundred day moving average price is $10.84.

EZCORP (NASDAQ:EZPW) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $281.42 million for the quarter, compared to the consensus estimate of $281.69 million. EZCORP had a net margin of 6.87% and a return on equity of 10.64%. On average, analysts forecast that EZCORP, Inc. will post 1.13 earnings per share for the current fiscal year.

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.