Mutual of America Capital Management LLC Trims Position in FirstCash Holdings, Inc. $FCFS

Mutual of America Capital Management LLC cut its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,195 shares of the company’s stock after selling 847 shares during the period. Mutual of America Capital Management LLC’s holdings in FirstCash were worth $2,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of FirstCash by 117.1% during the first quarter. GAMMA Investing LLC now owns 2,158 shares of the company’s stock worth $260,000 after acquiring an additional 1,164 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of FirstCash by 8.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,429 shares of the company’s stock worth $413,000 after acquiring an additional 265 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of FirstCash by 1.4% during the first quarter. State of Alaska Department of Revenue now owns 8,559 shares of the company’s stock worth $1,029,000 after acquiring an additional 120 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of FirstCash during the first quarter worth $334,000. Finally, Lisanti Capital Growth LLC bought a new position in shares of FirstCash during the first quarter worth $1,370,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Price Performance

FCFS stock opened at $154.13 on Friday. The stock has a market cap of $6.84 billion, a PE ratio of 23.68 and a beta of 0.69. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $163.01. The company has a 50-day moving average price of $150.09 and a 200 day moving average price of $136.82. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.13. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The company had revenue of $830.62 million for the quarter, compared to analyst estimates of $820.42 million. During the same period in the prior year, the company posted $1.37 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,852 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $159.72, for a total value of $455,521.44. Following the sale, the chief financial officer directly owned 39,734 shares of the company’s stock, valued at $6,346,314.48. This represents a 6.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rick L. Wessel sold 30,976 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $139.33, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,000 shares of company stock valued at $16,690,723 in the last ninety days. 2.93% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Jefferies Financial Group upgraded shares of FirstCash to a “strong-buy” rating in a research report on Monday, August 18th. Canaccord Genuity Group restated a “buy” rating and set a $200.00 target price on shares of FirstCash in a research report on Monday, October 6th. Capital One Financial set a $160.00 target price on shares of FirstCash in a research report on Tuesday, August 5th. Finally, Cowen restated a “buy” rating on shares of FirstCash in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $154.40.

FirstCash 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.