FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 29.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,499 shares of the company's stock after selling 3,998 shares during the period. Los Angeles Capital Management LLC's holdings in FirstCash were worth $984,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Integrated Investment Consultants LLC raised its stake in shares of FirstCash by 2.3% during the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock worth $476,000 after buying an additional 105 shares during the last quarter. Sanctuary Advisors LLC raised its position in FirstCash by 1.8% during the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock worth $826,000 after acquiring an additional 127 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of FirstCash by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock valued at $1,050,000 after purchasing an additional 138 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of FirstCash by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,304 shares of the company's stock valued at $653,000 after purchasing an additional 160 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of 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 in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

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FirstCash Trading Up 2.0 %

Shares of FirstCash stock traded up $2.20 during mid-day trading on Wednesday, hitting $113.76. 299,587 shares of the stock were exchanged, compared to its average volume of 239,302. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 19.85 and a beta of 0.63. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $110.99 and a 200 day simple moving average of $111.03.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. Research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.34%. FirstCash's dividend payout ratio is presently 26.53%.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now directly owns 100,567 shares of the company's stock, valued at $11,399,269.45. The trade was a 1.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the 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 transaction, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.