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

Erste Asset Management GmbH purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 160,000 shares of the company's stock, valued at approximately $18,368,000. Erste Asset Management GmbH owned approximately 0.36% of FirstCash as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in FirstCash in the second quarter worth approximately $54,000. CWM LLC raised its holdings in shares of FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company's stock valued at $65,000 after purchasing an additional 348 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company's stock valued at $103,000 after purchasing an additional 202 shares in the last quarter. Quarry LP raised its holdings in shares of FirstCash by 511.1% during the 2nd quarter. Quarry LP now owns 1,100 shares of the company's stock valued at $115,000 after purchasing an additional 920 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in FirstCash by 220.3% in the first quarter. Lazard Asset Management LLC now owns 977 shares of the company's stock worth $124,000 after purchasing an additional 672 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FCFS has been the topic of several recent research reports. Stephens began coverage on FirstCash in a report on Wednesday, November 13th. They set an "overweight" rating and a $137.00 target price on the stock. TD Cowen reduced their target price on FirstCash from $134.00 to $130.00 and set a "buy" rating for the company in a report on Monday, October 28th.

FirstCash Stock Performance

NASDAQ:FCFS traded down $1.75 during midday trading on Monday, reaching $107.11. The stock had a trading volume of 185,552 shares, compared to its average volume of 248,098. The stock has a market capitalization of $4.79 billion, a P/E ratio of 19.87 and a beta of 0.64. FirstCash Holdings, Inc. has a 1-year low of $101.62 and a 1-year high of $133.64. 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 firm's fifty day simple moving average is $109.79 and its 200-day simple moving average is $111.86.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.56 earnings per share. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, November 15th. FirstCash's dividend payout ratio is currently 28.15%.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares of the company's stock, valued at $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 is available through this hyperlink. Also, Director Douglas Richard Rippel sold 600 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $120.07, for a total value of $72,042.00. Following the completion of the transaction, the director now directly owns 4,735,243 shares of the company's stock, valued at approximately $568,560,627.01. This trade represents a 0.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,974 shares of company stock worth $688,080 over the last three months. 14.77% of the stock is currently owned by insiders.

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.