EZCORP, Inc. (EZPW) Short Interest Update
EZCORP, Inc. (NASDAQ:EZPW) was the recipient of a significant growth in short interest in July. As of July 14th, there was short interest totalling 5,289,532 shares, a growth of 102.6% from the June 30th total of 2,610,651 shares. Currently, 10.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 766,216 shares, the short-interest ratio is currently 6.9 days.
Hedge funds have recently modified their holdings of the company. State of Tennessee Treasury Department raised its stake in shares of EZCORP by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 45,954 shares of the credit services provider’s stock valued at $375,000 after buying an additional 6,935 shares in the last quarter. Comerica Bank raised its stake in shares of EZCORP by 4.3% in the first quarter. Comerica Bank now owns 53,848 shares of the credit services provider’s stock valued at $501,000 after buying an additional 2,212 shares in the last quarter. Sigma Planning Corp raised its stake in shares of EZCORP by 27.9% in the first quarter. Sigma Planning Corp now owns 20,070 shares of the credit services provider’s stock valued at $164,000 after buying an additional 4,375 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of EZCORP by 172.0% in the fourth quarter. AQR Capital Management LLC now owns 39,534 shares of the credit services provider’s stock valued at $421,000 after buying an additional 25,001 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of EZCORP by 41.6% in the fourth quarter. Teachers Advisors LLC now owns 126,861 shares of the credit services provider’s stock valued at $1,351,000 after buying an additional 37,270 shares in the last quarter. 85.99% of the stock is owned by institutional investors and hedge funds.
Shares of EZCORP (NASDAQ:EZPW) opened at 8.00 on Thursday. EZCORP has a 52-week low of $7.55 and a 52-week high of $12.00. The company’s 50-day moving average is $8.32 and its 200 day moving average is $8.75. The firm has a market capitalization of $434.34 million, a P/E ratio of 35.71 and a beta of 1.98.
EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, May 3rd. The credit services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business had revenue of $189.60 million during the quarter, compared to analyst estimates of $190.04 million. EZCORP had a return on equity of 3.29% and a net margin of 1.73%. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts expect that EZCORP will post $0.51 EPS for the current fiscal year.
A number of equities research analysts have issued reports on EZPW shares. Zacks Investment Research upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Stephens upgraded shares of EZCORP from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 7th. They noted that the move was a valuation call. TheStreet upgraded shares of EZCORP from a “d+” rating to a “c-” rating in a research note on Friday, May 19th. Jefferies Group LLC reiterated a “hold” rating and set a $10.50 price objective on shares of EZCORP in a research note on Friday, June 16th. Finally, BidaskClub downgraded shares of EZCORP from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.88.
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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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