Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 28,400 FirstCash Holdings, Inc. $FCFS

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,400 shares of the company’s stock, valued at approximately $6,143,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.07% of FirstCash at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Investment Advisory LLC purchased a new stake in shares of FirstCash during the 1st quarter valued at about $26,000. Geneos Wealth Management Inc. purchased a new position in FirstCash in the 1st quarter worth approximately $29,000. CIBC Private Wealth Group LLC grew its position in FirstCash by 490.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after acquiring an additional 162 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in FirstCash in the second quarter valued at approximately $34,000. Finally, Assetmark Inc. raised its stake in shares of FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Activity at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $216.00, for a total value of $432,000.00. Following the completion of the sale, the chief financial officer directly owned 34,734 shares of the company’s stock, valued at $7,502,544. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 5,348 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $214.63, for a total value of $1,147,841.24. Following the sale, the chief operating officer owned 135,498 shares in the company, valued at $29,081,935.74. The trade was a 3.80% 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. In the last 90 days, insiders have sold 17,183 shares of company stock worth $3,761,228. Company insiders own 2.86% of the company’s stock.

FirstCash Stock Down 2.2%

FCFS stock opened at $219.21 on Friday. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01. The firm has a 50 day simple moving average of $214.22 and a 200-day simple moving average of $208.69. The company has a market capitalization of $9.51 billion, a P/E ratio of 25.02 and a beta of 0.53. FirstCash Holdings, Inc. has a twelve month low of $144.56 and a twelve month high of $238.93.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.11. The firm had revenue of $1.07 billion for 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 quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. On average, equities research analysts predict that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 14th. FirstCash’s dividend payout ratio is 19.18%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. TD Cowen raised their price target on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings downgraded shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective on the stock in a report on Monday, August 10th. Finally, Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, FirstCash currently has a consensus rating of “Moderate Buy” and an average price target of $249.00.

About FirstCash

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.