State Board of Administration of Florida Retirement System Decreases Holdings in EZCORP, Inc. (EZPW)

State Board of Administration of Florida Retirement System trimmed its position in EZCORP, Inc. (NASDAQ:EZPW) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,001 shares of the credit services provider’s stock after selling 9,853 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.08% of EZCORP worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EZPW. Archon Capital Management LLC acquired a new position in EZCORP in the 2nd quarter valued at $5,725,000. Huber Capital Management LLC lifted its position in shares of EZCORP by 46.2% during the 2nd quarter. Huber Capital Management LLC now owns 2,262,319 shares of the credit services provider’s stock valued at $17,420,000 after acquiring an additional 715,233 shares during the period. Rovida Advisors Inc. lifted its position in shares of EZCORP by 20.8% during the 2nd quarter. Rovida Advisors Inc. now owns 3,075,000 shares of the credit services provider’s stock valued at $23,524,000 after acquiring an additional 528,591 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of EZCORP by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,037,375 shares of the credit services provider’s stock valued at $31,088,000 after acquiring an additional 253,768 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of EZCORP by 1,984.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 228,870 shares of the credit services provider’s stock valued at $1,762,000 after acquiring an additional 217,890 shares during the period. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. Jefferies Group LLC upgraded EZCORP from a “hold” rating to a “buy” rating and set a $10.50 target price for the company in a research report on Friday, August 4th. Zacks Investment Research downgraded EZCORP from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub upgraded EZCORP from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Sidoti assumed coverage on EZCORP in a research report on Thursday, August 10th. They set a “neutral” rating for the company. Finally, ValuEngine upgraded EZCORP from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.33.

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Shares of EZCORP, Inc. (NASDAQ EZPW) opened at $11.40 on Tuesday. The company has a current ratio of 8.01, a quick ratio of 5.88 and a debt-to-equity ratio of 0.43. EZCORP, Inc. has a 1 year low of $7.55 and a 1 year high of $12.00. The firm has a market capitalization of $605.40, a price-to-earnings ratio of 18.28 and a beta of 1.92.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.10. The business had revenue of $182.07 million for the quarter, compared to the consensus estimate of $188.84 million. During the same quarter in the prior year, the company earned ($0.31) earnings per share. EZCORP’s quarterly revenue was down 1.4% compared to the same quarter last year. analysts predict that EZCORP, Inc. will post 0.75 earnings per share for the current year.

EZCORP Company Profile

EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.

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Institutional Ownership by Quarter for EZCORP (NASDAQ:EZPW)

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