Renaissance Technologies LLC Purchases 18,690 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Renaissance Technologies LLC lifted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 232,831 shares of the company's stock after purchasing an additional 18,690 shares during the quarter. Renaissance Technologies LLC owned about 0.52% of FirstCash worth $24,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of FirstCash during the 4th quarter valued at $18,169,000. Vaughan Nelson Investment Management L.P. boosted its stake in FirstCash by 28.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock worth $58,076,000 after acquiring an additional 123,386 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in FirstCash by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock worth $27,841,000 after purchasing an additional 108,353 shares during the period. Barclays PLC increased its stake in shares of FirstCash by 163.8% during the third quarter. Barclays PLC now owns 81,807 shares of the company's stock valued at $9,391,000 after purchasing an additional 50,799 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of FirstCash by 5.4% during the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company's stock valued at $67,193,000 after purchasing an additional 33,040 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

FirstCash Stock Up 1.1 %

Shares of NASDAQ:FCFS traded up $1.38 during trading on Friday, reaching $121.44. 269,715 shares of the stock traded hands, compared to its average volume of 270,122. The stock has a market cap of $5.44 billion, a P/E ratio of 21.19 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The stock has a 50-day moving average of $117.34 and a two-hundred day moving average of $111.49. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64.

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

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's payout ratio is presently 26.53%.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the transaction, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.77% of the company's stock.

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.