California Public Employees Retirement System increased its stake in shares of Ezcorp Inc. (NASDAQ:EZPW) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 536,400 shares of the company’s stock after buying an additional 11,400 shares during the period. California Public Employees Retirement System owned approximately 0.99% of Ezcorp worth $4,055,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in Ezcorp by 70.6% in the second quarter. BNP Paribas Arbitrage SA now owns 16,631 shares of the company’s stock valued at $126,000 after buying an additional 6,885 shares during the period. Sigma Planning Corp raised its position in Ezcorp by 35.5% in the second quarter. Sigma Planning Corp now owns 19,845 shares of the company’s stock valued at $150,000 after buying an additional 5,200 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Ezcorp during the first quarter valued at approximately $152,000. A.R.T. Advisors LLC acquired a new position in Ezcorp during the first quarter valued at approximately $210,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Ezcorp during the second quarter valued at approximately $231,000. Institutional investors and hedge funds own 79.56% of the company’s stock.
Ezcorp Inc. (NASDAQ:EZPW) traded up 0.10% during midday trading on Wednesday, hitting $9.99. 366,435 shares of the stock traded hands. Ezcorp Inc. has a 52-week low of $2.44 and a 52-week high of $10.62. The firm’s market cap is $539.27 million. The stock has a 50-day moving average of $9.88 and a 200 day moving average of $6.88.
Ezcorp (NASDAQ:EZPW) last posted its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. Ezcorp had a negative net margin of 23.29% and a negative return on equity of 3.34%. Equities analysts forecast that Ezcorp Inc. will post ($1.57) EPS for the current year.
Several equities analysts have commented on EZPW shares. Jefferies Group reiterated a “hold” rating and set a $9.00 price objective on shares of Ezcorp in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of Ezcorp from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, August 12th. CL King upgraded shares of Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 price objective for the company in a research report on Wednesday, August 17th. Finally, Wells Fargo & Co. upgraded shares of Ezcorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.08.
Ezcorp Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and jewelry, and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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