FirstCash Holdings, Inc. $FCFS Stock: Hosking Partners LLP Reduces Holdings

Hosking Partners LLP lowered its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,533 shares of the company’s stock after selling 2,624 shares during the quarter. Hosking Partners LLP owned 0.08% of FirstCash worth $7,717,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in FirstCash during the 2nd quarter worth $1,088,429,000. Bank of America Corp DE purchased a new stake in FirstCash during the 2nd quarter worth about $248,059,000. Sei Investments Co. increased its holdings in FirstCash by 2.2% during the 1st quarter. Sei Investments Co. now owns 794,005 shares of the company’s stock worth $149,273,000 after purchasing an additional 17,177 shares during the period. Bank of New York Mellon Corp purchased a new stake in FirstCash during the 2nd quarter worth about $69,779,000. Finally, Atlas FRM LLC acquired a new stake in FirstCash in the 2nd quarter valued at about $58,406,400. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FirstCash

In other news, Director James H. Graves sold 3,750 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $221.20, for a total value of $829,500.00. Following the completion of the transaction, the director owned 11,929 shares in the company, valued at approximately $2,638,694.80. This represents a 23.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Howard F. Hambleton sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $212.98, for a total transaction of $425,960.00. Following the completion of the transaction, the insider owned 30,406 shares of the company’s stock, valued at approximately $6,475,869.88. The trade was a 6.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,098 shares of company stock worth $3,051,281 in the last ninety days. Company insiders own 2.86% of the company’s stock.

FirstCash Price Performance

Shares of NASDAQ FCFS opened at $216.75 on Thursday. The stock’s 50-day simple moving average is $217.83 and its 200-day simple moving average is $216.41. The firm has a market capitalization of $9.40 billion, a PE ratio of 24.74 and a beta of 0.55. FirstCash Holdings, Inc. has a fifty-two week low of $146.77 and a fifty-two week high of $238.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 earnings per share. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FCFS shares. Wall Street Zen cut FirstCash from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings raised shares of FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. TD Cowen lifted their price target on shares of FirstCash from $240.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target for the company in a research note on Monday, August 10th. Finally, Stephens reiterated an “overweight” rating and set a $250.00 price target on shares of FirstCash in a report on Thursday, October 1st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, FirstCash currently has an average rating of “Moderate Buy” and an average price target of $253.00.

FirstCash Company Profile

FirstCash Holdings, Inc is a specialty financial services and retail company that operates pawn stores in the United States and Mexico. Through its pawn operations, the company provides short-term, collateral-backed loans to consumers who pledge personal property as security. Customers can reclaim their pledged items by repaying the loan and applicable fees within the required period.

The company also generates revenue by selling merchandise that has been forfeited on pawn loans or acquired through other purchasing activities.