FirstCash Holdings, Inc. (NASDAQ:FCFS) Position Reduced by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 28.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,400 shares of the company’s stock after selling 8,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in FirstCash were worth $2,342,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in FirstCash during the second quarter valued at about $54,000. CWM LLC boosted its position in shares of FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after purchasing an additional 202 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of FirstCash by 220.3% in the 1st quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock worth $124,000 after purchasing an additional 672 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of FirstCash by 511.1% in the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after purchasing an additional 920 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on FCFS shares. TD Cowen decreased their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Stephens started coverage on FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company.

FirstCash Price Performance

FCFS stock opened at $108.86 on Friday. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64. The firm has a 50-day moving average of $109.79 and a two-hundred day moving average of $111.89. The firm has a market capitalization of $4.87 billion, a PE ratio of 20.16 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. During the same quarter last year, the business posted $1.56 EPS. The company’s revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is 28.15%.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the transaction, the director now owns 4,731,869 shares in the company, valued at $567,540,367.86. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,974 shares of company stock worth $688,080 in the last quarter. 14.77% of the stock is currently owned by corporate insiders.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.