Capitolis Liquid Global Markets LLC Decreases Stake in FirstCash Holdings, Inc. $FCFS

Capitolis Liquid Global Markets LLC cut its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 96.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,700 shares of the company’s stock after selling 41,600 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in FirstCash were worth $269,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in FirstCash by 2.1% during the third quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock worth $649,040,000 after buying an additional 83,113 shares in the last quarter. Geode Capital Management LLC increased its holdings in FirstCash by 1.2% in the second quarter. Geode Capital Management LLC now owns 980,738 shares of the company’s stock valued at $132,552,000 after buying an additional 11,534 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of FirstCash by 1.0% during the 3rd quarter. Stephens Investment Management Group LLC now owns 857,510 shares of the company’s stock valued at $135,847,000 after acquiring an additional 8,610 shares during the period. Sei Investments Co. lifted its position in shares of FirstCash by 4.0% during the 3rd quarter. Sei Investments Co. now owns 742,610 shares of the company’s stock valued at $117,644,000 after acquiring an additional 28,704 shares during the period. Finally, Boston Partners boosted its stake in shares of FirstCash by 1.3% during the 2nd quarter. Boston Partners now owns 658,961 shares of the company’s stock worth $88,871,000 after acquiring an additional 8,503 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FCFS shares. Weiss Ratings restated a “buy (b)” rating on shares of FirstCash in a report on Monday, December 29th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Canaccord Genuity Group set a $217.00 target price on FirstCash in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, FirstCash has a consensus rating of “Moderate Buy” and a consensus target price of $177.50.

Insider Activity

In related news, insider Howard F. Hambleton sold 4,000 shares of FirstCash stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $185.12, for a total transaction of $740,480.00. Following the completion of the sale, the insider owned 35,406 shares in the company, valued at approximately $6,554,358.72. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Thomas Brent Stuart sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $182.53, for a total transaction of $1,825,300.00. Following the completion of the transaction, the chief operating officer directly owned 150,846 shares of the company’s stock, valued at $27,533,920.38. The trade was a 6.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,500 shares of company stock worth $4,783,985 over the last three months. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Stock Up 1.1%

FCFS stock opened at $193.07 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.55 and a quick ratio of 3.36. The company’s 50 day simple moving average is $178.54 and its 200-day simple moving average is $163.56. FirstCash Holdings, Inc. has a 12 month low of $113.32 and a 12 month high of $199.60. The firm has a market capitalization of $8.49 billion, a PE ratio of 26.02 and a beta of 0.46.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, February 5th. The company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.10. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $2.12 EPS. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. Equities analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 18th. FirstCash’s payout ratio is 22.64%.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.