Millennium Management LLC Lowers Stock Position in EZCORP, Inc. (NASDAQ:EZPW)

Millennium Management LLC lessened its holdings in EZCORP, Inc. (NASDAQ:EZPW) by 46.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 659,774 shares of the credit services provider’s stock after selling 575,268 shares during the quarter. Millennium Management LLC owned 1.20% of EZCORP worth $6,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its position in shares of EZCORP by 44.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,460,564 shares of the credit services provider’s stock valued at $15,292,000 after acquiring an additional 449,360 shares during the period. Boston Partners lifted its position in shares of EZCORP by 59.5% during the 1st quarter. Boston Partners now owns 843,105 shares of the credit services provider’s stock valued at $9,553,000 after acquiring an additional 314,435 shares during the period. American Century Companies Inc. lifted its position in shares of EZCORP by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 565,636 shares of the credit services provider’s stock valued at $5,922,000 after acquiring an additional 216,480 shares during the period. BNP Paribas Financial Markets lifted its position in shares of EZCORP by 169.8% during the 1st quarter. BNP Paribas Financial Markets now owns 261,337 shares of the credit services provider’s stock valued at $2,961,000 after acquiring an additional 164,489 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of EZCORP by 40.3% during the 1st quarter. Acadian Asset Management LLC now owns 551,267 shares of the credit services provider’s stock valued at $6,244,000 after acquiring an additional 158,216 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a $19.00 price objective on shares of EZCORP in a research report on Friday, October 4th.

EZCORP Stock Up 1.1 %

EZPW stock opened at $11.38 on Friday. The stock has a market capitalization of $625.24 million, a P/E ratio of 10.94 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.59. EZCORP, Inc. has a one year low of $7.70 and a one year high of $12.23. The company has a 50 day moving average price of $11.34 and a two-hundred day moving average price of $10.78.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, July 31st. The credit services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $281.42 million during the quarter, compared to analysts’ expectations of $281.69 million. EZCORP had a net margin of 6.87% and a return on equity of 10.64%. As a group, sell-side analysts expect that EZCORP, Inc. will post 1.13 EPS 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.