FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 57.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,239 shares of the company's stock after selling 64,725 shares during the quarter. Jane Street Group LLC owned about 0.11% of FirstCash worth $5,423,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in FirstCash during the second quarter worth $54,000. CWM LLC raised its holdings in FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company's stock worth $65,000 after purchasing an additional 348 shares during the last quarter. GAMMA Investing LLC raised its holdings in FirstCash by 28.9% during the third quarter. GAMMA Investing LLC now owns 900 shares of the company's stock worth $103,000 after purchasing an additional 202 shares during the last quarter. Quarry LP raised its holdings in FirstCash by 511.1% during the second quarter. Quarry LP now owns 1,100 shares of the company's stock worth $115,000 after purchasing an additional 920 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in FirstCash during the third quarter worth $133,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business's 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 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. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.77% of the stock is owned by company insiders.

FirstCash Price Performance

FirstCash stock traded down $0.65 during mid-day trading on Tuesday, hitting $104.85. 274,833 shares of the company were exchanged, compared to its average volume of 246,853. 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 business's 50 day simple moving average is $108.02 and its two-hundred day simple moving average is $110.92. The company has a market capitalization of $4.69 billion, a P/E ratio of 19.42 and a beta of 0.65. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data 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 during 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 business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 earnings per share. Analysts forecast that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Friday, November 15th. FirstCash's dividend payout ratio (DPR) is presently 28.15%.

Analyst Upgrades and Downgrades

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

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.