Two Sigma Advisers LP increased its stake in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 25.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009,770 shares of the credit services provider's stock after acquiring an additional 201,700 shares during the period. Two Sigma Advisers LP owned approximately 1.84% of EZCORP worth $11,320,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Philadelphia Financial Management of San Francisco LLC bought a new position in EZCORP during the 3rd quarter valued at $8,372,000. Assenagon Asset Management S.A. lifted its holdings in shares of EZCORP by 44.4% in the second 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 buying an additional 449,360 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in EZCORP by 449.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,539 shares of the credit services provider's stock valued at $3,739,000 after buying an additional 272,815 shares in the last quarter. American Century Companies Inc. grew its holdings in EZCORP by 62.0% during the second quarter. American Century Companies Inc. now owns 565,636 shares of the credit services provider's stock worth $5,922,000 after acquiring an additional 216,480 shares during the period. Finally, Invenomic Capital Management LP bought a new stake in EZCORP in the third quarter worth about $2,122,000. Institutional investors and hedge funds own 99.83% of the company's stock.
NASDAQ:EZPW opened at $12.11 on Tuesday. The stock has a fifty day simple moving average of $11.83 and a 200 day simple moving average of $11.13. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $659.63 million, a price-to-earnings ratio of 10.91 and a beta of 1.05. EZCORP, Inc. has a 1-year low of $8.20 and a 1-year high of $12.85.
In other news, CRO Nicole Swies sold 10,000 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the sale, the executive now owns 101,813 shares of the company's stock, valued at $1,269,608.11. This trade represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Sunil Sajnani sold 34,493 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total value of $428,403.06. Following the transaction, the insider now directly owns 66,242 shares in the company, valued at $822,725.64. The trade was a 34.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company's stock.
Several equities analysts have recently issued reports on the stock. Stephens initiated coverage on shares of EZCORP in a research note on Wednesday, November 13th. They issued an "equal weight" rating and a $13.00 price objective on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $19.00 price target on shares of EZCORP in a report on Friday, October 4th.
Check Out Our Latest Research Report on EZPW
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.
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