Crown Advisors Management Inc. Trims Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Crown Advisors Management Inc. lessened its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 14.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 30,000 shares of the company's stock after selling 5,000 shares during the period. FirstCash accounts for approximately 2.0% of Crown Advisors Management Inc.'s holdings, making the stock its 21st biggest position. Crown Advisors Management Inc. owned about 0.07% of FirstCash worth $3,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rialto Wealth Management LLC purchased a new stake in shares of FirstCash during the fourth quarter worth about $31,000. J.Safra Asset Management Corp grew its holdings in FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after buying an additional 127 shares in the last quarter. R Squared Ltd purchased a new stake in FirstCash during the 4th quarter valued at approximately $92,000. KBC Group NV raised its position in shares of FirstCash by 20.5% during the third quarter. KBC Group NV now owns 1,206 shares of the company's stock valued at $138,000 after buying an additional 205 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after buying an additional 94 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an "overweight" rating and set a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th.

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Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now owns 100,567 shares of the company's stock, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

FirstCash Price Performance

FirstCash stock traded down $0.59 during midday trading on Friday, reaching $116.87. 573,177 shares of the stock traded hands, compared to its average volume of 243,901. The stock has a market cap of $5.23 billion, a P/E ratio of 20.40 and a beta of 0.63. The stock's fifty day moving average is $113.74 and its 200-day moving average is $110.87. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. As a group, equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.30%. FirstCash's payout ratio is currently 26.53%.

About FirstCash

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.