Y Intercept Hong Kong Ltd Sells 15,826 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Y Intercept Hong Kong Ltd trimmed its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 80.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,806 shares of the company's stock after selling 15,826 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in FirstCash were worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of FCFS. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of FirstCash in the 2nd quarter worth about $54,000. CWM LLC raised its holdings in FirstCash by 157.5% in the third quarter. CWM LLC now owns 569 shares of the company's stock worth $65,000 after buying an additional 348 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 in the last quarter. Quarry LP grew its holdings in shares of FirstCash by 511.1% during 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 last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of FirstCash by 15.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company's stock valued at $129,000 after acquiring an additional 164 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Stock Performance

FirstCash stock traded down $0.65 during midday trading on Tuesday, reaching $104.85. 274,833 shares of the company traded hands, compared to its average volume of 246,853. 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 Holdings, Inc. has a 12 month low of $101.62 and a 12 month high of $133.64. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 19.42 and a beta of 0.65. The business has a 50 day moving average of $108.02 and a two-hundred day moving average of $110.92.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly 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 firm had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business posted $1.56 EPS. As a group, research analysts predict that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.45%. FirstCash's dividend payout ratio is currently 28.15%.

Wall Street Analyst Weigh In

FCFS has been the topic of several analyst reports. Stephens assumed coverage on FirstCash in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 price objective on the stock. TD Cowen lowered their price target on FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, October 28th.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the business'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 transaction of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 14.77% of the company's 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.