JPMorgan Chase & Co. Trims Stake in EZCORP, Inc. (NASDAQ:EZPW)

JPMorgan Chase & Co. trimmed its holdings in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 90.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,756 shares of the credit services provider's stock after selling 3,876,110 shares during the period. JPMorgan Chase & Co. owned approximately 0.78% of EZCORP worth $4,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of EZCORP during the 3rd quarter valued at $8,372,000. Charles Schwab Investment Management Inc. grew its position in shares of EZCORP by 449.3% during the 3rd 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. American Century Companies Inc. grew 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 purchasing an additional 216,480 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of EZCORP by 25.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider's stock valued at $11,320,000 after purchasing an additional 201,700 shares in the last quarter. Finally, Invenomic Capital Management LP purchased a new position in shares of EZCORP during the 3rd quarter valued at $2,122,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EZCORP

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

Wall Street Analyst Weigh In

EZPW has been the subject of a number of recent analyst reports. Stephens initiated coverage on shares of EZCORP in a research report on Wednesday, November 13th. They set an "equal weight" rating and a $13.00 price target for the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a $19.00 price objective on shares of EZCORP in a report on Friday, October 4th.

EZCORP Price Performance

Shares of NASDAQ EZPW traded up $0.06 during mid-day trading on Friday, reaching $12.30. 269,905 shares of the company were exchanged, compared to its average volume of 336,670. EZCORP, Inc. has a 52 week low of $8.20 and a 52 week high of $12.85. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $669.98 million, a PE ratio of 11.08 and a beta of 1.03. The company's 50 day moving average price is $12.17 and its 200 day moving average price is $11.48.

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.