EZCORP (NASDAQ:EZPW) Reaches New 12-Month High – What’s Next?

EZCORP, Inc. (NASDAQ:EZPW) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.28 and last traded at $12.28, with a volume of 55828 shares changing hands. The stock had previously closed at $12.04.

Analysts Set New Price Targets

Several brokerages have recently commented on EZPW. Stephens began coverage on shares of EZCORP in a report on Wednesday, November 13th. They set an “equal weight” rating and a $13.00 target price on the stock. Canaccord Genuity Group restated a “buy” rating and set a $19.00 price objective on shares of EZCORP in a research note on Friday, October 4th.

EZCORP Stock Performance

The stock’s fifty day moving average price is $11.38 and its two-hundred day moving average price is $10.90. The company has a market cap of $664.54 million, a P/E ratio of 10.85 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71.

Institutional Investors Weigh In On EZCORP

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of EZCORP in the 3rd quarter valued at $8,372,000. Assenagon Asset Management S.A. raised its position in EZCORP by 44.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,460,564 shares of the credit services provider’s stock valued at $15,292,000 after purchasing an additional 449,360 shares during the last quarter. Boston Partners boosted its stake in shares of EZCORP by 59.5% during the first quarter. Boston Partners now owns 843,105 shares of the credit services provider’s stock valued at $9,553,000 after purchasing an additional 314,435 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of EZCORP by 449.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,539 shares of the credit services provider’s stock valued at $3,739,000 after purchasing an additional 272,815 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of EZCORP by 62.0% during the second quarter. American Century Companies Inc. now owns 565,636 shares of the credit services provider’s stock worth $5,922,000 after purchasing an additional 216,480 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

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.