EZCORP Inc (NASDAQ:EZPW) Stock Position Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in EZCORP Inc (NASDAQ:EZPW) by 45.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 183,400 shares of the credit services provider’s stock after purchasing an additional 57,704 shares during the quarter. Assenagon Asset Management S.A. owned 0.33% of EZCORP worth $1,184,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Pinebridge Investments L.P. grew its stake in shares of EZCORP by 39.0% in the second quarter. Pinebridge Investments L.P. now owns 94,076 shares of the credit services provider’s stock worth $891,000 after purchasing an additional 26,378 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of EZCORP by 44.7% in the second quarter. Renaissance Technologies LLC now owns 1,794,921 shares of the credit services provider’s stock worth $16,998,000 after purchasing an additional 554,121 shares in the last quarter. James Investment Research Inc. grew its stake in shares of EZCORP by 21.2% in the second quarter. James Investment Research Inc. now owns 64,500 shares of the credit services provider’s stock worth $611,000 after purchasing an additional 11,285 shares in the last quarter. Aperio Group LLC grew its stake in shares of EZCORP by 27.0% in the second quarter. Aperio Group LLC now owns 38,137 shares of the credit services provider’s stock worth $361,000 after purchasing an additional 8,097 shares in the last quarter. Finally, Quantamental Technologies LLC grew its stake in shares of EZCORP by 373.3% in the second quarter. Quantamental Technologies LLC now owns 5,112 shares of the credit services provider’s stock worth $48,000 after purchasing an additional 4,032 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. TheStreet cut EZCORP from a “b-” rating to a “c” rating in a research note on Monday, August 5th. ValuEngine raised EZCORP from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. BidaskClub cut EZCORP from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 3rd. Jefferies Financial Group cut EZCORP from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Zacks Investment Research cut EZCORP from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.50.

Shares of EZPW stock opened at $5.79 on Monday. The stock has a 50-day simple moving average of $6.98 and a 200 day simple moving average of $8.85. EZCORP Inc has a fifty-two week low of $5.32 and a fifty-two week high of $11.25. The stock has a market capitalization of $322.14 million, a P/E ratio of 7.33 and a beta of 1.74. The company has a quick ratio of 5.66, a current ratio of 8.07 and a debt-to-equity ratio of 0.32.

EZCORP (NASDAQ:EZPW) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. EZCORP had a return on equity of 6.52% and a net margin of 0.26%. The business had revenue of $206.92 million during the quarter, compared to analysts’ expectations of $216.17 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that EZCORP Inc will post 0.87 earnings per share for the current year.

About EZCORP

EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.

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Institutional Ownership by Quarter for EZCORP (NASDAQ:EZPW)

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