Renaissance Technologies LLC Has $32.27 Million Stock Position in FirstCash Holdings, Inc. $FCFS

Renaissance Technologies LLC reduced its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 11.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 171,641 shares of the company’s stock after selling 22,890 shares during the quarter. Renaissance Technologies LLC’s holdings in FirstCash were worth $32,269,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Villanova Investment Management Co LLC lifted its position in shares of FirstCash by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock valued at $2,037,000 after acquiring an additional 54 shares in the last quarter. Root Financial Partners LLC boosted its stake in FirstCash by 29.6% in the 1st quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock worth $46,000 after purchasing an additional 56 shares during the period. Ascent Group LLC grew its position in FirstCash by 6.0% during the 4th quarter. Ascent Group LLC now owns 1,423 shares of the company’s stock worth $227,000 after purchasing an additional 81 shares in the last quarter. Pullen Investment Management LLC grew its position in FirstCash by 0.4% during the 4th quarter. Pullen Investment Management LLC now owns 20,263 shares of the company’s stock worth $3,230,000 after purchasing an additional 87 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in FirstCash by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 8,260 shares of the company’s stock valued at $1,393,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS opened at $206.73 on Wednesday. The company has a market capitalization of $9.06 billion, a PE ratio of 23.60 and a beta of 0.53. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. The company’s 50 day moving average price is $218.80 and its 200 day moving average price is $201.95. FirstCash Holdings, Inc. has a 52 week low of $120.00 and a 52 week high of $235.97.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The company’s revenue was up 29.4% compared to the same quarter last year. Research analysts expect that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, August 14th. FirstCash’s payout ratio is currently 19.18%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FCFS shares. Weiss Ratings lowered FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Canaccord Genuity Group upped their price target on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, TD Cowen increased their price objective on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.25.

Insiders Place Their Bets

In related news, COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $228.49, for a total value of $2,284,900.00. Following the transaction, the chief operating officer owned 140,846 shares in the company, valued at approximately $32,181,902.54. This represents a 6.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $227.29, for a total value of $454,580.00. Following the completion of the transaction, the chief financial officer owned 35,734 shares in the company, valued at $8,121,980.86. This represents a 5.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,500 shares of company stock worth $6,243,104 in the last quarter. Corporate insiders own 2.86% of the company’s stock.

FirstCash 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.