PEAK6 LLC Acquires New Holdings in FirstCash Holdings, Inc. $FCFS

PEAK6 LLC bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,442 shares of the company’s stock, valued at approximately $2,042,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FCFS. BlackRock Inc. acquired a new stake in shares of FirstCash in the second quarter worth $1,088,429,000. Bank of New York Mellon Corp acquired a new position in FirstCash during the 2nd quarter worth $69,779,000. JPMorgan Chase & Co. lifted its position in FirstCash by 133.8% during the 4th quarter. JPMorgan Chase & Co. now owns 562,104 shares of the company’s stock worth $89,588,000 after acquiring an additional 321,663 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in FirstCash by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock valued at $186,361,000 after acquiring an additional 312,132 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of FirstCash by 67.6% in the third quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock worth $97,503,000 after purchasing an additional 251,305 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Price Performance

Shares of FCFS stock opened at $225.28 on Monday. The stock’s fifty day simple moving average is $214.07 and its 200 day simple moving average is $207.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. FirstCash Holdings, Inc. has a one year low of $138.34 and a one year high of $235.97. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of 25.72 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last announced 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. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same quarter last year, the company posted $1.34 EPS. On average, analysts expect that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, August 14th. FirstCash’s dividend payout ratio is presently 19.18%.

Insider Transactions at FirstCash

In other news, insider Howard F. Hambleton sold 2,000 shares of FirstCash stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the completion of the sale, the insider directly owned 30,406 shares of the company’s stock, valued at approximately $6,475,869.88. This trade represents a 6.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 on Monday, August 17th. The shares were sold at an average price of $216.00, for a total value of $432,000.00. Following the completion of the transaction, the chief financial officer directly owned 34,734 shares in the company, valued at approximately $7,502,544. This trade represents a 5.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,348 shares of company stock worth $4,492,755 in the last quarter. 2.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on FCFS shares. Weiss Ratings downgraded FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday. TD Cowen upped their price objective on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a research report on Monday, August 10th. Finally, Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, FirstCash presently has an average rating of “Moderate Buy” and a consensus price target of $249.00.

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.