Invesco Ltd. Lowers Position in EZCORP, Inc. (NASDAQ:EZPW)

Invesco Ltd. reduced its position in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,161,287 shares of the credit services provider's stock after selling 436,694 shares during the period. Invesco Ltd. owned 2.13% of EZCORP worth $14,191,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Royce & Associates LP grew its position in shares of EZCORP by 77.6% in the 4th quarter. Royce & Associates LP now owns 658,515 shares of the credit services provider's stock worth $8,047,000 after buying an additional 287,818 shares during the last quarter. Norges Bank purchased a new position in EZCORP during the 4th quarter valued at $3,067,000. JPMorgan Chase & Co. raised its holdings in EZCORP by 38.6% in the 4th quarter. JPMorgan Chase & Co. now owns 590,016 shares of the credit services provider's stock worth $7,210,000 after purchasing an additional 164,260 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of EZCORP in the 4th quarter worth about $1,860,000. Finally, Trexquant Investment LP boosted its stake in shares of EZCORP by 35.1% during the 4th quarter. Trexquant Investment LP now owns 377,529 shares of the credit services provider's stock valued at $4,613,000 after purchasing an additional 98,090 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

EZCORP Stock Down 0.2 %

EZCORP stock traded down $0.04 during trading hours on Friday, hitting $16.35. The stock had a trading volume of 3,805,550 shares, compared to its average volume of 643,532. The stock's 50-day moving average price is $14.57 and its 200-day moving average price is $12.99. EZCORP, Inc. has a 12-month low of $9.66 and a 12-month high of $16.59. The company has a quick ratio of 2.13, a current ratio of 2.91 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $897.98 million, a P/E ratio of 14.21 and a beta of 0.81.

EZCORP (NASDAQ:EZPW - Get Free Report) last posted its quarterly earnings results 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 return on equity of 11.04% and a net margin of 7.25%. Equities research analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Roth Mkm initiated coverage on EZCORP in a research report on Monday, March 17th. They set a "buy" rating and a $16.00 price objective on the stock. StockNews.com cut EZCORP from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Roth Capital set a $16.00 target price on shares of EZCORP in a report on Monday, March 17th. Canaccord Genuity Group increased their price target on shares of EZCORP from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Stephens reissued an "equal weight" rating and set a $13.50 price objective on shares of EZCORP in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate 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.