FirstCash Holdings, Inc. $FCFS Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 73.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,309 shares of the company’s stock after selling 60,390 shares during the quarter. Squarepoint Ops LLC’s holdings in FirstCash were worth $4,610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Baird Financial Group Inc. boosted its position in shares of FirstCash by 5.1% during the 2nd quarter. Baird Financial Group Inc. now owns 3,793 shares of the company’s stock valued at $821,000 after purchasing an additional 185 shares in the last quarter. Allworth Financial LP grew its stake in shares of FirstCash by 25.4% in the 2nd quarter. Allworth Financial LP now owns 780 shares of the company’s stock worth $169,000 after purchasing an additional 158 shares during the last quarter. Nykredit A S bought a new stake in shares of FirstCash in the 2nd quarter worth approximately $397,000. Allianz Asset Management GmbH raised its holdings in shares of FirstCash by 0.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 61,395 shares of the company’s stock worth $11,561,000 after purchasing an additional 204 shares in the last quarter. Finally, Corient Private Wealth LP lifted its stake in FirstCash by 161.8% during the second quarter. Corient Private Wealth LP now owns 5,749 shares of the company’s stock valued at $1,244,000 after purchasing an additional 3,553 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FCFS. Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. TD Cowen upped their price target on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Wall Street Zen downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings lowered FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a report on Monday, August 10th. Four 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.com, FirstCash currently has a consensus rating of “Moderate Buy” and an average target price of $249.00.

Insiders Place Their Bets

In other news, COO Thomas Stuart sold 5,348 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $214.63, for a total value of $1,147,841.24. Following the completion of the sale, the chief operating officer owned 135,498 shares of the company’s stock, valued at $29,081,935.74. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R. Orr sold 2,000 shares of the firm’s stock in a transaction on 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 approximately $7,502,544. This trade represents a 5.44% 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 have sold 14,098 shares of company stock worth $3,051,281 over the last three months. Company insiders own 2.86% of the company’s stock.

FirstCash Stock Performance

FirstCash stock opened at $228.38 on Friday. The firm’s 50 day simple moving average is $214.99 and its 200-day simple moving average is $211.53. The company has a market cap of $9.91 billion, a P/E ratio of 26.07 and a beta of 0.53. 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 fifty-two week low of $145.42 and a fifty-two week high of $238.93.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The business 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 firm’s quarterly revenue was up 29.4% on a year-over-year basis. As a group, equities research analysts predict that FirstCash Holdings, Inc. will post 11.85 EPS for the current year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 14th. FirstCash’s payout ratio is 19.18%.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a specialty consumer-finance and retail company focused primarily on pawn-based lending. Through its pawn stores, the company provides short-term, non-recourse loans secured by personal property, allowing customers to obtain cash without traditional credit underwriting. Customers may repay the loan and reclaim the pledged item or forfeit the collateral under applicable regulations.

FirstCash also generates revenue by selling merchandise obtained through forfeited pawn loans and by purchasing used goods directly from consumers.