Boston Partners Sells 46,808 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Boston Partners lessened its holdings in EZCORP, Inc. (NASDAQ:EZPW) by 10.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 402,730 shares of the credit services provider’s stock after selling 46,808 shares during the period. Boston Partners’ holdings in EZCORP were worth $4,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EZPW. State Street Corp raised its holdings in shares of EZCORP by 0.3% in the 3rd quarter. State Street Corp now owns 1,084,777 shares of the credit services provider’s stock valued at $12,160,000 after acquiring an additional 2,809 shares in the last quarter. Two Sigma Advisers LP raised its stake in EZCORP by 25.0% in the third quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider’s stock valued at $11,320,000 after purchasing an additional 201,700 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new stake in EZCORP in the third quarter valued at approximately $8,372,000. Royce & Associates LP lifted its position in EZCORP by 77.6% during the fourth quarter. Royce & Associates LP now owns 658,515 shares of the credit services provider’s stock valued at $8,047,000 after purchasing an additional 287,818 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in EZCORP by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 595,870 shares of the credit services provider’s stock worth $6,683,000 after buying an additional 10,390 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

EZCORP Stock Performance

NASDAQ EZPW opened at $14.25 on Friday. The company has a 50-day simple moving average of $13.14 and a two-hundred day simple moving average of $12.22. EZCORP, Inc. has a 12-month low of $9.66 and a 12-month high of $14.50. The firm has a market cap of $782.88 million, a price-to-earnings ratio of 12.39 and a beta of 0.89. The company has a quick ratio of 2.13, a current ratio of 2.91 and a debt-to-equity ratio of 0.27.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. On average, equities analysts forecast that EZCORP, Inc. will post 1.3 EPS for the current year.

Analysts Set New Price Targets

EZPW has been the topic of several research reports. Roth Mkm initiated coverage on shares of EZCORP in a research report on Monday, March 17th. They set a “buy” rating and a $16.00 price objective on the stock. Stephens restated an “equal weight” rating and set a $13.50 price target on shares of EZCORP in a research report on Thursday, February 6th. Roth Capital set a $16.00 price objective on EZCORP in a report on Monday. Finally, Canaccord Genuity Group raised their price objective on EZCORP from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $16.88.

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.