Alliancebernstein L.P. Has $4.30 Million Holdings in FirstCash Inc (FCFS)
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, 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.
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