EZCORP, Inc. (NASDAQ:EZPW) Stock Position Lowered by Archon Capital Management LLC

Archon Capital Management LLC decreased its stake in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 428,495 shares of the credit services provider's stock after selling 25,000 shares during the quarter. EZCORP comprises 5.1% of Archon Capital Management LLC's holdings, making the stock its 2nd largest position. Archon Capital Management LLC owned 0.79% of EZCORP worth $5,236,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in EZCORP by 449.3% in 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 during the period. FMR LLC raised its holdings in EZCORP by 37.8% in the third quarter. FMR LLC now owns 236,747 shares of the credit services provider's stock valued at $2,654,000 after acquiring an additional 64,926 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of EZCORP by 107.2% in the 3rd quarter. HighTower Advisors LLC now owns 37,439 shares of the credit services provider's stock valued at $428,000 after purchasing an additional 19,368 shares in the last quarter. State Street Corp raised its stake in EZCORP by 0.3% in the third quarter. State Street Corp now owns 1,084,777 shares of the credit services provider's stock valued at $12,160,000 after buying an additional 2,809 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in shares of EZCORP by 56.9% during the 3rd quarter. XTX Topco Ltd now owns 31,880 shares of the credit services provider's stock worth $357,000 after acquiring an additional 11,557 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

EZCORP Trading Up 1.1 %

EZPW traded up $0.18 during trading on Thursday, hitting $15.98. The company's stock had a trading volume of 560,240 shares, compared to its average volume of 861,392. EZCORP, Inc. has a twelve month low of $9.65 and a twelve month high of $16.35. The firm's 50 day moving average price is $14.32 and its 200-day moving average price is $12.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13. The stock has a market cap of $877.71 million, a PE ratio of 13.89 and a beta of 0.81.

EZCORP (NASDAQ:EZPW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. On average, analysts expect that EZCORP, Inc. will post 1.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EZPW. Canaccord Genuity Group boosted their price objective on EZCORP from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Roth Mkm initiated coverage on EZCORP in a research note on Monday, March 17th. They set a "buy" rating and a $16.00 price target for the company. Stephens reaffirmed an "equal weight" rating and issued a $13.50 target price on shares of EZCORP in a report on Thursday, February 6th. StockNews.com lowered EZCORP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, Roth Capital set a $16.00 target price on shares of EZCORP in a research report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $16.88.

EZCORP 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.