EZCORP, Inc. (NASDAQ:EZPW) Shares Purchased by Millennium Management LLC

Millennium Management LLC lifted its holdings in shares of EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,195,784 shares of the credit services provider's stock after acquiring an additional 231,018 shares during the quarter. Millennium Management LLC owned 2.20% of EZCORP worth $14,612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inspire Investing LLC purchased a new stake in shares of EZCORP during the fourth quarter worth about $865,000. Raymond James Financial Inc. purchased a new stake in shares of EZCORP during the fourth quarter worth about $1,860,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of EZCORP during the fourth quarter worth about $210,000. LPL Financial LLC increased 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 acquiring an additional 4,070 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of EZCORP during the fourth quarter worth about $122,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

EZCORP Stock Performance

EZPW stock traded down $0.23 during midday trading on Wednesday, reaching $13.15. The company had a trading volume of 113,487 shares, compared to its average volume of 727,672. 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 stock has a 50 day moving average price of $15.03 and a 200 day moving average price of $13.48. EZCORP, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $16.60. The firm has a market capitalization of $723.16 million, a PE ratio of 11.44 and a beta of 0.59.

EZCORP (NASDAQ:EZPW - Get Free Report) last issued its earnings results on Monday, April 28th. The credit services provider reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. The company had revenue of $306.32 million during the quarter, compared to the consensus estimate of $310.35 million. Analysts anticipate that EZCORP, Inc. will post 1.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

EZPW has been the topic of a number of analyst reports. Roth Mkm initiated coverage on EZCORP in a research report on Monday, March 17th. They set a "buy" rating and a $16.00 target price on the stock. Stephens reiterated an "equal weight" rating and issued a $17.00 price target on shares of EZCORP in a research note on Tuesday, May 20th. Canaccord Genuity Group decreased their price target on EZCORP from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. BTIG Research began coverage on EZCORP in a research note on Wednesday, May 14th. They issued a "neutral" rating for the company. Finally, Wall Street Zen downgraded EZCORP from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EZCORP has a consensus rating of "Moderate Buy" and a consensus price target of $18.25.

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.