Brevan Howard Capital Management LP Sells 1,528 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Brevan Howard Capital Management LP lessened its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,436 shares of the credit services provider’s stock after selling 1,528 shares during the quarter. Brevan Howard Capital Management LP’s holdings in EZCORP were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Royce & Associates LP lifted its position in shares of EZCORP by 77.6% during the 4th quarter. Royce & Associates LP now owns 658,515 shares of the credit services provider’s stock valued at $8,047,000 after buying an additional 287,818 shares in the last quarter. Bastion Asset Management Inc. bought a new stake in EZCORP during the 4th quarter worth approximately $3,054,000. BNP Paribas Financial Markets lifted its holdings in EZCORP by 55.3% during the fourth quarter. BNP Paribas Financial Markets now owns 740,807 shares of the credit services provider’s stock valued at $9,053,000 after purchasing an additional 263,911 shares in the last quarter. Norges Bank bought a new position in shares of EZCORP in the fourth quarter worth approximately $3,067,000. Finally, JPMorgan Chase & Co. boosted its position in shares of EZCORP by 38.6% in the fourth quarter. JPMorgan Chase & Co. now owns 590,016 shares of the credit services provider’s stock worth $7,210,000 after purchasing an additional 164,260 shares during the period. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Roth Capital set a $16.00 price target on EZCORP in a research note on Monday, March 17th. StockNews.com raised EZCORP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. Canaccord Genuity Group cut their target price on EZCORP from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Stephens reissued an “equal weight” rating and set a $13.50 target price on shares of EZCORP in a research note on Thursday, February 6th. Finally, Roth Mkm started coverage on EZCORP in a research note on Monday, March 17th. They issued a “buy” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EZCORP has a consensus rating of “Buy” and a consensus price target of $17.38.

EZCORP Price Performance

Shares of EZPW stock opened at $14.84 on Monday. EZCORP, Inc. has a twelve month low of $9.66 and a twelve month high of $16.60. The company has a current ratio of 2.91, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $14.98 and a two-hundred day simple moving average of $13.32. The stock has a market capitalization of $816.41 million, a price-to-earnings ratio of 12.90 and a beta of 0.59.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. The company had revenue of $306.32 million for the quarter, compared to analysts’ expectations of $310.35 million. On average, analysts predict that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

EZCORP Company 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.