FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Bought by Sendero Wealth Management LLC

Sendero Wealth Management LLC raised its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 77.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,394 shares of the company's stock after acquiring an additional 2,781 shares during the period. Sendero Wealth Management LLC's holdings in FirstCash were worth $662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in shares of FirstCash by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock valued at $1,050,000 after acquiring an additional 138 shares in the last quarter. HighTower Advisors LLC grew its position in FirstCash by 2.7% during the 3rd quarter. HighTower Advisors LLC now owns 7,486 shares of the company's stock worth $856,000 after purchasing an additional 195 shares during the last quarter. Martingale Asset Management L P increased its stake in FirstCash by 0.9% during the 3rd quarter. Martingale Asset Management L P now owns 21,834 shares of the company's stock valued at $2,507,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of FirstCash by 28.9% in the third quarter. GAMMA Investing LLC now owns 900 shares of the company's stock worth $103,000 after buying an additional 202 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of FirstCash by 20.5% during the third quarter. KBC Group NV now owns 1,206 shares of the company's stock worth $138,000 after buying an additional 205 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were 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 approximately $9,375,401.20. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Stock Performance

NASDAQ FCFS traded up $0.67 on Thursday, hitting $111.82. 163,112 shares of the company's stock traded hands, compared to its average volume of 227,051. The firm's 50-day moving average price is $106.01 and its two-hundred day moving average price is $110.13. The firm has a market capitalization of $5.00 billion, a PE ratio of 20.71 and a beta of 0.66. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64.

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

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash's dividend payout ratio is currently 28.15%.

FirstCash 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.