Jacobs Levy Equity Management Inc. Sells 149,372 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Jacobs Levy Equity Management Inc. cut its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 50.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,008 shares of the credit services provider's stock after selling 149,372 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.26% of EZCORP worth $1,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in shares of EZCORP by 44.4% during the 2nd 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 acquiring an additional 449,360 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of 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 buying an additional 272,815 shares during the period. American Century Companies Inc. lifted its position in shares of EZCORP by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 565,636 shares of the credit services provider's stock valued at $5,922,000 after buying an additional 216,480 shares during the last quarter. Marshall Wace LLP bought a new position in shares of EZCORP during the 2nd quarter worth $1,624,000. Finally, Fourth Sail Capital LP raised its stake in EZCORP by 21.5% in the 2nd quarter. Fourth Sail Capital LP now owns 718,947 shares of the credit services provider's stock valued at $7,527,000 after acquiring an additional 127,070 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

EZCORP Price Performance

NASDAQ EZPW traded down $0.01 on Monday, hitting $12.25. The stock had a trading volume of 96,510 shares, compared to its average volume of 513,660. The company has a market capitalization of $667.26 million, a price-to-earnings ratio of 11.05 and a beta of 1.05. EZCORP, Inc. has a 52-week low of $8.20 and a 52-week high of $12.85. The firm has a 50-day moving average of $11.81 and a 200-day moving average of $11.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71.

Insider Buying and Selling at EZCORP

In related news, insider Sunil Sajnani sold 34,493 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total transaction of $428,403.06. Following the completion of the sale, the insider now directly owns 66,242 shares in the company, valued at $822,725.64. This represents a 34.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Nicole Swies sold 10,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the completion of the transaction, the executive now owns 101,813 shares in the company, valued at $1,269,608.11. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.13% of the company's stock.

Analyst Upgrades and Downgrades

EZPW has been the topic of a number of analyst reports. Canaccord Genuity Group reissued a "buy" rating and set a $19.00 target price on shares of EZCORP in a report on Friday, October 4th. Stephens began coverage on EZCORP in a report on Wednesday, November 13th. They set an "equal weight" rating and a $13.00 price objective on the stock.

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.