Healthcare of Ontario Pension Plan Trust Fund Has $2.34 Million Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 28.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,400 shares of the company's stock after selling 8,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in FirstCash were worth $2,342,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $120.07, for a total value of $72,042.00. Following the sale, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief financial officer now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 5,974 shares of company stock worth $688,080 over the last ninety days. Company insiders own 14.77% of the company's stock.

FirstCash Trading Up 0.2 %

Shares of FCFS stock traded up $0.19 on Friday, hitting $108.86. The stock had a trading volume of 132,908 shares, compared to its average volume of 245,784. The firm 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 twelve month low of $101.62 and a twelve month high of $133.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $109.79 and a two-hundred day moving average price of $111.89.

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

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, November 15th. FirstCash's dividend payout ratio is 28.15%.

Wall Street Analyst Weigh In

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

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.