Macquarie Group Ltd. Invests $1.42 Million in FirstCash Inc (FCFS)
Macquarie Group Ltd. purchased a new position in FirstCash Inc (NYSE:FCFS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 19,649 shares of the credit services provider’s stock, valued at approximately $1,422,000.
Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of FirstCash by 1.1% in the third quarter. Vanguard Group Inc. now owns 4,466,507 shares of the credit services provider’s stock worth $366,254,000 after acquiring an additional 49,593 shares in the last quarter. Vanguard Group Inc raised its stake in FirstCash by 1.1% during the third quarter. Vanguard Group Inc now owns 4,466,507 shares of the credit services provider’s stock valued at $366,254,000 after buying an additional 49,593 shares in the last quarter. Bank of America Corp DE raised its stake in FirstCash by 5.8% during the fourth quarter. Bank of America Corp DE now owns 757,055 shares of the credit services provider’s stock valued at $54,772,000 after buying an additional 41,815 shares in the last quarter. FMR LLC raised its stake in FirstCash by 202.1% during the third quarter. FMR LLC now owns 712,199 shares of the credit services provider’s stock valued at $58,401,000 after buying an additional 476,471 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in FirstCash during the fourth quarter valued at approximately $50,172,000. Institutional investors and hedge funds own 95.30% of the company’s stock.
Separately, Zacks Investment Research upgraded FirstCash from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. FirstCash has an average rating of “Hold” and an average price target of $93.17.
Shares of NYSE FCFS opened at $90.21 on Thursday. FirstCash Inc has a 52-week low of $66.28 and a 52-week high of $95.40.
FirstCash (NYSE:FCFS) last announced its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The firm had revenue of $481.21 million for the quarter, compared to analyst estimates of $489.76 million.
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FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
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