UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $10.03 Million Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,351 shares of the company's stock after selling 6,595 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of FirstCash worth $10,028,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Simplicity Wealth LLC acquired a new position in FirstCash in the second quarter valued at about $216,000. SG Americas Securities LLC boosted its position in FirstCash by 160.6% in the second quarter. SG Americas Securities LLC now owns 5,014 shares of the company's stock valued at $526,000 after buying an additional 3,090 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in FirstCash by 8.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company's stock valued at $252,000 after buying an additional 194 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in FirstCash by 4.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company's stock valued at $228,000 after buying an additional 95 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in FirstCash by 30.1% in the second quarter. Blue Trust Inc. now owns 2,513 shares of the company's stock valued at $264,000 after buying an additional 581 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Price Performance

Shares of FCFS stock traded up $1.39 during trading hours on Monday, reaching $106.38. 254,065 shares of the company were exchanged, compared to its average volume of 246,388. FirstCash Holdings, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $133.64. The stock's fifty day moving average is $108.91 and its two-hundred day moving average is $111.44. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 19.44 and a beta of 0.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. FirstCash's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 earnings per share. Sell-side analysts forecast that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Friday, November 15th. FirstCash's dividend payout ratio (DPR) is 28.15%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other FirstCash 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 value of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 14.77% of the stock is currently owned by insiders.

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.