160,000 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 160,000 shares of the company’s stock, valued at approximately $18,368,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its position in shares of FirstCash by 220.3% during the 1st quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock worth $124,000 after purchasing an additional 672 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in FirstCash by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,561 shares of the company’s stock worth $2,750,000 after acquiring an additional 1,367 shares in the last quarter. Atria Investments Inc acquired a new stake in FirstCash in the first quarter valued at $1,189,000. Linden Thomas Advisory Services LLC grew its position in shares of FirstCash by 2.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,794 shares of the company’s stock valued at $1,027,000 after acquiring an additional 239 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in shares of FirstCash during the 2nd quarter worth about $216,000. 80.30% of the stock is owned by institutional investors.

FirstCash Price Performance

NASDAQ:FCFS opened at $108.86 on Monday. The firm’s fifty day moving average price is $109.79 and its two-hundred day moving average price is $111.86. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The company has a market cap of $4.87 billion, a P/E ratio of 20.16 and a beta of 0.64. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The business had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. FirstCash’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 EPS. Equities analysts expect that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.40%. FirstCash’s payout ratio is currently 28.15%.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas Richard Rippel sold 600 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the sale, the director now directly owns 4,735,243 shares of the company’s stock, valued at approximately $568,560,627.01. The trade was a 0.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,974 shares of company stock worth $688,080 in the last ninety days. 14.77% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on FCFS. Stephens started coverage on shares of FirstCash in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 target price for the company. TD Cowen dropped their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th.

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.