FirstCash Holdings, Inc. $FCFS Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,185 shares of the company’s stock after selling 1,047 shares during the period. Oppenheimer Asset Management Inc. owned 0.08% of FirstCash worth $4,755,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Nuveen LLC purchased a new stake in shares of FirstCash during the first quarter worth approximately $55,340,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of FirstCash by 1,350.3% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 250,900 shares of the company’s stock worth $33,907,000 after purchasing an additional 233,600 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of FirstCash by 14.5% during the first quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company’s stock worth $106,945,000 after purchasing an additional 112,349 shares during the last quarter. Millennium Management LLC raised its stake in shares of FirstCash by 51.1% during the first quarter. Millennium Management LLC now owns 293,750 shares of the company’s stock worth $35,344,000 after purchasing an additional 99,361 shares during the last quarter. Finally, Heartland Advisors Inc. raised its stake in shares of FirstCash by 525.6% during the first quarter. Heartland Advisors Inc. now owns 67,147 shares of the company’s stock worth $8,079,000 after purchasing an additional 56,414 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Trading Down 1.0%

Shares of FCFS stock opened at $149.26 on Wednesday. The business’s fifty day moving average price is $150.57 and its 200 day moving average price is $137.49. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $163.01. The firm has a market capitalization of $6.62 billion, a PE ratio of 22.93 and a beta of 0.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded FirstCash from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Canaccord Genuity Group restated a “buy” rating and set a $200.00 price target on shares of FirstCash in a research note on Monday, October 6th. Cowen reaffirmed a “buy” rating on shares of FirstCash in a report on Monday, August 18th. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Capital One Financial set a $160.00 price objective on FirstCash in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $160.50.

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,852 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $159.72, for a total value of $455,521.44. Following the sale, the chief financial officer owned 39,734 shares of the company’s stock, valued at approximately $6,346,314.48. This represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick L. Wessel sold 30,976 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $139.33, for a total value of $4,315,886.08. Following the completion of the sale, the chief executive officer directly owned 901,982 shares in the company, valued at $125,673,152.06. This trade represents a 3.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 119,000 shares of company stock valued at $16,690,723. Insiders own 14.77% of the company’s stock.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.