EZCORP, Inc. (NASDAQ:EZPW) Stock Position Cut by Kanen Wealth Management LLC

Kanen Wealth Management LLC cut its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW) by 27.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,590,577 shares of the credit services provider’s stock after selling 610,770 shares during the period. EZCORP comprises about 9.4% of Kanen Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. Kanen Wealth Management LLC’s holdings in EZCORP were worth $23,413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in EZCORP by 60.4% during the first quarter. GAMMA Investing LLC now owns 5,062 shares of the credit services provider’s stock worth $75,000 after purchasing an additional 1,906 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in EZCORP during the fourth quarter worth about $122,000. Sherbrooke Park Advisers LLC acquired a new position in shares of EZCORP during the fourth quarter worth about $138,000. Teza Capital Management LLC grew its position in shares of EZCORP by 6.6% during the fourth quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider’s stock worth $176,000 after buying an additional 896 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of EZCORP by 39.3% during the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider’s stock worth $176,000 after buying an additional 4,070 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Roth Capital set a $16.00 price objective on EZCORP in a research report on Monday, March 17th. Wall Street Zen downgraded EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. BTIG Research assumed coverage on EZCORP in a research report on Wednesday, May 14th. They set a “neutral” rating for the company. Stephens reissued an “equal weight” rating and set a $17.00 price objective on shares of EZCORP in a research report on Tuesday, May 20th. Finally, Canaccord Genuity Group lowered their price target on EZCORP from $25.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.25.

EZCORP Stock Performance

Shares of EZPW opened at $13.71 on Tuesday. The stock has a 50 day moving average price of $14.74 and a 200 day moving average price of $13.57. The company has a quick ratio of 2.13, a current ratio of 2.91 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $754.24 million, a price-to-earnings ratio of 11.92 and a beta of 0.53. EZCORP, Inc. has a 52-week low of $9.66 and a 52-week high of $16.60.

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

About EZCORP

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.