2,917 Shares in FirstCash Holdings, Inc. $FCFS Bought by MQS Management LLC

MQS Management LLC bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,917 shares of the company’s stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FCFS. Sequoia Financial Advisors LLC acquired a new stake in FirstCash during the 2nd quarter worth approximately $336,000. Drive Wealth Management LLC acquired a new position in FirstCash in the 2nd quarter valued at approximately $230,000. Squarepoint Ops LLC raised its stake in shares of FirstCash by 685.2% during the second quarter. Squarepoint Ops LLC now owns 37,896 shares of the company’s stock valued at $5,121,000 after acquiring an additional 33,070 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of FirstCash by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 388,635 shares of the company’s stock worth $52,520,000 after purchasing an additional 6,633 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of FirstCash by 26.0% in the second quarter. Intech Investment Management LLC now owns 33,462 shares of the company’s stock worth $4,522,000 after purchasing an additional 6,907 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FirstCash

In other news, COO Thomas Brent Stuart sold 10,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $159.97, for a total value of $1,599,700.00. Following the transaction, the chief operating officer owned 127,724 shares of the company’s stock, valued at approximately $20,432,008.28. This represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Randel G. Owen sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $152.20, for a total transaction of $228,300.00. Following the completion of the sale, the director directly owned 7,651 shares in the company, valued at $1,164,482.20. This represents a 16.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,500 shares of company stock worth $8,150,640 in the last three months. 2.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FCFS has been the subject of several analyst reports. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. TD Cowen restated a “buy” rating on shares of FirstCash in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of FirstCash in a report on Monday, December 29th. Canaccord Genuity Group set a $217.00 price target on shares of FirstCash in a report on Friday, February 6th. Finally, Wall Street Zen upgraded FirstCash from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FirstCash has an average rating of “Moderate Buy” and an average target price of $169.40.

FirstCash Price Performance

FCFS opened at $182.45 on Thursday. The firm has a 50-day moving average price of $166.23 and a 200-day moving average price of $155.39. FirstCash Holdings, Inc. has a twelve month low of $109.51 and a twelve month high of $188.75. The company has a quick ratio of 3.36, a current ratio of 4.55 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 24.59 and a beta of 0.49.

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

FirstCash announced that its board has initiated a share repurchase program on Thursday, October 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 18th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, February 18th. FirstCash’s payout ratio is presently 22.64%.

FirstCash Company Profile

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.