Invenomic Capital Management LP Boosts Position in EZCORP, Inc. (NASDAQ:EZPW)

Invenomic Capital Management LP boosted its position in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 317.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 789,768 shares of the credit services provider's stock after purchasing an additional 600,435 shares during the quarter. Invenomic Capital Management LP owned approximately 1.45% of EZCORP worth $9,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Divisadero Street Capital Management LP grew its stake in shares of EZCORP by 1,699.2% during the fourth quarter. Divisadero Street Capital Management LP now owns 1,246,445 shares of the credit services provider's stock worth $15,232,000 after acquiring an additional 1,177,166 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of EZCORP by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 757,623 shares of the credit services provider's stock worth $9,258,000 after purchasing an additional 16,616 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of EZCORP by 55.3% during the fourth quarter. BNP Paribas Financial Markets now owns 740,807 shares of the credit services provider's stock worth $9,053,000 after purchasing an additional 263,911 shares during the period. Royce & Associates LP boosted its position in EZCORP by 77.6% in the fourth 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 during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in EZCORP by 38.6% in the 4th quarter. JPMorgan Chase & Co. now owns 590,016 shares of the credit services provider's stock worth $7,210,000 after buying an additional 164,260 shares during the period. Hedge funds and other institutional investors own 99.83% of the company's stock.

Wall Street Analysts Forecast Growth

EZPW has been the subject of several research reports. StockNews.com upgraded shares of EZCORP from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Roth Capital set a $16.00 price target on shares of EZCORP in a report on Monday, March 17th. Canaccord Genuity Group reduced their price objective on EZCORP from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Stephens reiterated an "equal weight" rating and issued a $13.50 target price on shares of EZCORP in a research note on Thursday, February 6th. Finally, BTIG Research initiated coverage on EZCORP in a report on Wednesday. They issued a "neutral" rating for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.38.

EZCORP Price Performance

Shares of NASDAQ EZPW traded up $0.27 during midday trading on Friday, hitting $13.96. The stock had a trading volume of 1,174,877 shares, compared to its average volume of 724,369. The company has a quick ratio of 2.13, a current ratio of 2.91 and a debt-to-equity ratio of 0.27. EZCORP, Inc. has a 1 year low of $9.66 and a 1 year high of $16.60. The company has a market capitalization of $768.00 million, a PE ratio of 12.14 and a beta of 0.59. The stock has a 50 day simple moving average of $15.05 and a 200-day simple moving average of $13.36.

EZCORP (NASDAQ:EZPW - Get Free Report) last announced 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. The company had revenue of $306.32 million for the quarter, compared to analysts' expectations of $310.35 million. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. On average, sell-side analysts expect that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

EZCORP 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.