Invesco Ltd. Sells 436,694 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Invesco Ltd. lessened its stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 27.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,161,287 shares of the credit services provider's stock after selling 436,694 shares during the period. Invesco Ltd. owned about 2.13% of EZCORP worth $14,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EZPW. GAMMA Investing LLC boosted its position in EZCORP by 97.0% during the fourth quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock valued at $39,000 after acquiring an additional 1,554 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in EZCORP during the fourth quarter worth approximately $122,000. LPL Financial LLC increased its holdings in EZCORP by 39.3% in the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider's stock worth $176,000 after purchasing an additional 4,070 shares in the last quarter. R Squared Ltd acquired a new position in EZCORP in the fourth quarter valued at approximately $186,000. Finally, Fox Run Management L.L.C. bought a new position in shares of EZCORP during the 4th quarter worth approximately $188,000. Institutional investors and hedge funds own 99.83% of the company's stock.

EZCORP Stock Performance

Shares of NASDAQ EZPW traded down $0.06 during midday trading on Friday, hitting $16.32. The company's stock had a trading volume of 5,023,667 shares, compared to its average volume of 648,648. The firm has a market capitalization of $896.60 million, a price-to-earnings ratio of 14.19 and a beta of 0.81. 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 moving average price of $14.61 and a 200 day moving average price of $13.02. EZCORP, Inc. has a one year low of $9.66 and a one year high of $16.60.

EZCORP (NASDAQ:EZPW - Get Free Report) last posted its earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.07. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. On average, research analysts forecast that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EZPW has been the subject of several research analyst reports. Roth Mkm assumed coverage on shares of EZCORP in a research note on Monday, March 17th. They issued a "buy" rating and a $16.00 price objective for the company. Canaccord Genuity Group lifted their price target on EZCORP from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, February 7th. 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. StockNews.com downgraded EZCORP from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, Roth Capital set a $16.00 price target on shares of EZCORP in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $16.88.

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.