EZCORP Inc (EZPW) Stake Increased by Loews Corp

Loews Corp raised its position in EZCORP Inc (NASDAQ:EZPW) by 20.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,509 shares of the credit services provider’s stock after acquiring an additional 2,263 shares during the period. Loews Corp’s holdings in EZCORP were worth $104,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Perritt Capital Management Inc. acquired a new stake in shares of EZCORP in the 4th quarter worth $77,000. Fosun International Ltd acquired a new stake in shares of EZCORP in the third quarter valued at about $126,000. Great Lakes Advisors LLC acquired a new stake in shares of EZCORP in the third quarter valued at about $137,000. Sigma Planning Corp lifted its stake in shares of EZCORP by 17.7% in the fourth quarter. Sigma Planning Corp now owns 16,936 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 2,550 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of EZCORP in the third quarter valued at about $208,000.

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Shares of NASDAQ EZPW opened at $9.81 on Wednesday. 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 52 week low of $7.45 and a 52 week high of $15.10. The stock has a market capitalization of $573.86 million, a P/E ratio of 12.42 and a beta of 1.74.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.09. EZCORP had a net margin of 2.68% and a return on equity of 6.47%. The firm had revenue of $218.10 million during the quarter, compared to analysts’ expectations of $220.63 million. During the same quarter last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts anticipate that EZCORP Inc will post 0.85 EPS for the current fiscal year.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Tuesday, January 8th. BidaskClub cut shares of EZCORP from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Finally, ValuEngine cut shares of EZCORP from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. EZCORP currently has an average rating of “Hold” and a consensus target price of $13.00.

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EZCORP Company Profile

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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