Alliancebernstein L.P. reduced its stake in FirstCash Inc (NASDAQ:FCFS) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,681 shares of the credit services provider’s stock after selling 1,000 shares during the quarter. Alliancebernstein L.P. owned approximately 0.15% of FirstCash worth $4,296,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Newfoundland Capital Management purchased a new stake in FirstCash in the 1st quarter valued at $201,000. Ameritas Investment Partners Inc. purchased a new stake in FirstCash in the 1st quarter valued at $202,000. BlueCrest Capital Management Ltd purchased a new stake in FirstCash in the 1st quarter valued at $202,000. Strs Ohio grew its holdings in FirstCash by 100.0% in the 2nd quarter. Strs Ohio now owns 3,800 shares of the credit services provider’s stock valued at $221,000 after buying an additional 1,900 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in FirstCash in the 2nd quarter valued at $227,000.

Several analysts have issued reports on FCFS shares. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Thursday, August 31st. Stephens upped their price target on FirstCash from $51.00 to $62.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 21st. BidaskClub raised FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. CL King lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Janney Montgomery Scott lowered FirstCash from a “buy” rating to a “neutral” rating and decreased their price target for the company from $58.55 to $58.00 in a research note on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. FirstCash currently has an average rating of “Buy” and an average target price of $63.14.

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FirstCash Inc (FCFS) opened at 62.85 on Thursday. FirstCash Inc has a 1-year low of $39.80 and a 1-year high of $63.60. The company’s 50-day moving average price is $60.09 and its 200 day moving average price is $55.52. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 34.03 and a beta of 0.90.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The firm had revenue of $416.60 million for the quarter, compared to analysts’ expectations of $410.65 million. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 128.9% compared to the same quarter last year. On average, equities analysts expect that FirstCash Inc will post $2.66 earnings per share for the current fiscal year.

FirstCash Profile

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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