Price T Rowe Associates Inc. MD Sells 27,424 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Price T Rowe Associates Inc. MD cut its holdings in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 52.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,495 shares of the credit services provider's stock after selling 27,424 shares during the period. Price T Rowe Associates Inc. MD's holdings in EZCORP were worth $300,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Aigen Investment Management LP grew its holdings in shares of EZCORP by 11.8% in the 4th quarter. Aigen Investment Management LP now owns 19,800 shares of the credit services provider's stock valued at $242,000 after acquiring an additional 2,088 shares in the last quarter. LPL Financial LLC raised its holdings in 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 in the last quarter. Bank of New York Mellon Corp boosted its position in EZCORP by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 304,235 shares of the credit services provider's stock valued at $3,718,000 after purchasing an additional 5,034 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in EZCORP by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 151,628 shares of the credit services provider's stock valued at $1,853,000 after purchasing an additional 6,205 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in EZCORP by 47.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 19,753 shares of the credit services provider's stock valued at $241,000 after purchasing an additional 6,360 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EZPW. BTIG Research assumed coverage on EZCORP in a research note on Wednesday, May 14th. They set a "neutral" rating on the stock. Stephens reaffirmed an "equal weight" rating and set a $17.00 price target on shares of EZCORP in a research report on Tuesday. Roth Capital set a $16.00 price target on shares of EZCORP in a research note on Monday, March 17th. Roth Mkm assumed coverage on shares of EZCORP in a research note on Monday, March 17th. They set a "buy" rating and a $16.00 price objective on the stock. Finally, StockNews.com raised shares of EZCORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Two research analysts have 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $18.25.

EZCORP Stock Down 2.0%

EZPW opened at $13.43 on Thursday. The stock's fifty day simple moving average is $15.08 and its 200 day simple moving average is $13.42. EZCORP, Inc. has a 1-year low of $9.66 and a 1-year high of $16.60. The stock has a market cap of $738.84 million, a PE ratio of 11.68 and a beta of 0.59. The company has a current ratio of 2.91, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

EZCORP (NASDAQ:EZPW - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The credit services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $306.32 million for the quarter, compared to the consensus estimate of $310.35 million. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. As a group, research analysts expect that EZCORP, Inc. will post 1.3 earnings per share for the current 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.