Assenagon Asset Management S.A. Purchases Shares of 476,977 EZCORP Inc (EZPW)

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Assenagon Asset Management S.A. purchased a new stake in shares of EZCORP Inc (NASDAQ:EZPW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 476,977 shares of the credit services provider’s stock, valued at approximately $3,687,000. Assenagon Asset Management S.A. owned 0.87% of EZCORP as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of EZPW. BlackRock Inc. increased its position in shares of EZCORP by 8.2% during the 2nd quarter. BlackRock Inc. now owns 7,419,091 shares of the credit services provider’s stock valued at $89,401,000 after purchasing an additional 561,669 shares during the period. AXA increased its position in shares of EZCORP by 511.7% during the 3rd quarter. AXA now owns 185,971 shares of the credit services provider’s stock valued at $1,990,000 after purchasing an additional 155,571 shares during the period. Huber Capital Management LLC increased its position in shares of EZCORP by 11.8% during the 3rd quarter. Huber Capital Management LLC now owns 1,321,676 shares of the credit services provider’s stock valued at $14,142,000 after purchasing an additional 139,872 shares during the period. Vanguard Group Inc grew its holdings in shares of EZCORP by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 3,988,128 shares of the credit services provider’s stock worth $42,674,000 after acquiring an additional 95,691 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of EZCORP by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,988,128 shares of the credit services provider’s stock worth $42,674,000 after acquiring an additional 95,691 shares during the last quarter.

A number of equities analysts recently issued reports on the company. BidaskClub upgraded EZCORP from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut EZCORP from a “buy” rating to a “hold” rating in a report on Monday, February 4th. ValuEngine upgraded EZCORP from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Finally, TheStreet cut EZCORP from a “b-” rating to a “c+” rating in a report on Thursday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $13.00.

Shares of EZCORP stock traded down $0.05 during midday trading on Friday, hitting $10.08. The company’s stock had a trading volume of 333,172 shares, compared to its average volume of 518,170. The stock has a market cap of $558.89 million, a PE ratio of 12.76 and a beta of 1.74. The company has a quick ratio of 2.26, a current ratio of 2.94 and a debt-to-equity ratio of 0.31. EZCORP Inc has a 1-year low of $7.45 and a 1-year high of $15.10.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, January 30th. The credit services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.09. The business had revenue of $218.10 million during the quarter, compared to analysts’ expectations of $220.63 million. EZCORP had a return on equity of 6.47% and a net margin of 2.68%. EZCORP’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. Analysts expect that EZCORP Inc will post 0.9 EPS for the current fiscal year.

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About EZCORP

EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.

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Institutional Ownership by Quarter for EZCORP (NASDAQ:EZPW)

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