FirstCash Inc (FCFS) Stake Increased by Hosking Partners LLP
Hosking Partners LLP grew its holdings in FirstCash Inc (NYSE:FCFS) by 7.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 177,402 shares of the credit services provider’s stock after acquiring an additional 12,114 shares during the period. Hosking Partners LLP’s holdings in FirstCash were worth $11,966,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. acquired a new stake in FirstCash during the 3rd quarter worth approximately $1,736,000. Profit Investment Management LLC lifted its holdings in FirstCash by 6.9% during the 4th quarter. Profit Investment Management LLC now owns 31,224 shares of the credit services provider’s stock worth $2,106,000 after purchasing an additional 2,011 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new stake in FirstCash during the 3rd quarter worth approximately $54,801,000. Insight Capital Research & Management Inc. acquired a new stake in FirstCash during the 3rd quarter worth approximately $913,000. Finally, Earnest Partners LLC lifted its holdings in FirstCash by 1.6% during the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock worth $93,090,000 after purchasing an additional 22,690 shares during the last quarter. 94.72% of the stock is owned by institutional investors.
In related news, insider Thomas Brent Stuart acquired 1,080 shares of the stock in a transaction on Monday, February 5th. The shares were purchased at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the purchase, the insider now directly owns 8,283 shares in the company, valued at $609,960.12. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 5,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $73.43, for a total value of $367,150.00. Following the transaction, the chief financial officer now owns 172,000 shares in the company, valued at approximately $12,629,960. The disclosure for this sale can be found here. 2.75% of the stock is owned by company insiders.
FirstCash (NYSE:FCFS) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.10. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The firm had revenue of $480.21 million for the quarter, compared to analyst estimates of $467.32 million. During the same quarter last year, the company earned $0.77 EPS. The company’s revenue was up 3.9% on a year-over-year basis. equities analysts forecast that FirstCash Inc will post 3.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, February 13th. This is a positive change from FirstCash’s previous quarterly dividend of $0.20. FirstCash’s dividend payout ratio (DPR) is 26.58%.
Several analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $83.00 price target (up from $75.00) on shares of FirstCash in a report on Monday, February 5th. Zacks Investment Research raised FirstCash from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, February 1st. ValuEngine cut FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub raised FirstCash from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.83.
TRADEMARK VIOLATION NOTICE: “FirstCash Inc (FCFS) Stake Increased by Hosking Partners LLP” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2018/02/14/firstcash-inc-fcfs-stake-increased-by-hosking-partners-llp.html.
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.
Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash Inc (NYSE:FCFS).
Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.