New York State Teachers Retirement System Sells 9,300 Shares of EZCORP, Inc. (NASDAQ:EZPW)

New York State Teachers Retirement System trimmed its position in shares of EZCORP, Inc. (NASDAQ:EZPW) by 11.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 69,499 shares of the credit services provider’s stock after selling 9,300 shares during the quarter. New York State Teachers Retirement System’s holdings in EZCORP were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. First Trust Advisors LP grew its stake in EZCORP by 2.1% during the first quarter. First Trust Advisors LP now owns 95,656 shares of the credit services provider’s stock worth $892,000 after buying an additional 1,936 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of EZCORP by 7.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 32,489 shares of the credit services provider’s stock valued at $156,000 after purchasing an additional 2,287 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of EZCORP by 1.8% during the fourth quarter. Wells Fargo & Company MN now owns 132,747 shares of the credit services provider’s stock valued at $637,000 after purchasing an additional 2,335 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of EZCORP by 4.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 60,578 shares of the credit services provider’s stock valued at $290,000 after purchasing an additional 2,772 shares during the last quarter. Finally, Vantage Consulting Group Inc bought a new stake in shares of EZCORP during the fourth quarter valued at approximately $27,000. 86.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EZPW stock opened at $6.61 on Thursday. EZCORP, Inc. has a 52-week low of $4.34 and a 52-week high of $6.84. The stock has a market cap of $367.51 million, a PE ratio of -5.33 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.75 and a current ratio of 4.48. The firm’s 50 day moving average price is $5.41 and its two-hundred day moving average price is $5.10.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, May 5th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.29. EZCORP had a negative net margin of 8.32% and a positive return on equity of 3.32%. The firm had revenue of $184.90 million for the quarter, compared to analysts’ expectations of $169.84 million. During the same period last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was down 17.2% on a year-over-year basis. As a group, sell-side analysts predict that EZCORP, Inc. will post -0.2 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised shares of EZCORP from a “sell” rating to a “buy” rating and set a $7.25 price target on the stock in a research note on Tuesday.

EZCORP Company Profile

EZCORP, Inc provides pawn loans in the United States and Latin America. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.

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Institutional Ownership by Quarter for EZCORP (NASDAQ:EZPW)

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