Renaissance Technologies LLC Sells 449,500 Shares of EZCORP Inc (EZPW)
Renaissance Technologies LLC lowered its position in shares of EZCORP Inc (NASDAQ:EZPW) by 19.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,892,418 shares of the credit services provider’s stock after selling 449,500 shares during the quarter. Renaissance Technologies LLC owned about 3.47% of EZCORP worth $22,804,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank increased its holdings in EZCORP by 104.9% in the 1st quarter. Comerica Bank now owns 107,955 shares of the credit services provider’s stock worth $1,441,000 after buying an additional 55,266 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in EZCORP by 17.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,477 shares of the credit services provider’s stock worth $653,000 after buying an additional 7,476 shares in the last quarter. KBC Group NV bought a new stake in EZCORP in the 1st quarter worth about $413,000. Quantbot Technologies LP bought a new stake in EZCORP in the 1st quarter worth about $246,000. Finally, GSA Capital Partners LLP increased its holdings in EZCORP by 765.0% in the 1st quarter. GSA Capital Partners LLP now owns 154,513 shares of the credit services provider’s stock worth $2,040,000 after buying an additional 136,650 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. Zacks Investment Research upgraded EZCORP from a “strong sell” rating to a “hold” rating in a report on Friday, September 7th. Sidoti upgraded EZCORP from a “neutral” rating to a “buy” rating in a report on Thursday, June 28th. ValuEngine upgraded EZCORP from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Finally, BidaskClub downgraded EZCORP from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.50.
EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Wednesday, August 1st. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $199.94 million for the quarter, compared to the consensus estimate of $198.24 million. EZCORP had a net margin of 6.41% and a return on equity of 6.90%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 earnings per share. sell-side analysts expect that EZCORP Inc will post 0.75 earnings per share for the current fiscal year.
EZCORP, Inc provides pawn loans. The company operates through three segments: U.S. Pawn, Mexico Pawn, and Other International. It offers pawn loans, which are non-recourse loans collateralized by tangible personal property, such as jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, including collateral forfeited from pawn lending operations and used merchandise purchased from customers.
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