Alyeska Investment Group L.P. Has $3.55 Million Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Alyeska Investment Group L.P. lowered its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 88.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,249 shares of the company's stock after selling 269,799 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.08% of FirstCash worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in FirstCash by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock worth $426,105,000 after purchasing an additional 22,009 shares during the period. Earnest Partners LLC increased its stake in FirstCash by 2.3% in the 4th quarter. Earnest Partners LLC now owns 2,338,671 shares of the company's stock valued at $242,286,000 after buying an additional 52,409 shares during the period. Fiduciary Management Inc. WI raised its holdings in shares of FirstCash by 76.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock valued at $135,046,000 after purchasing an additional 563,265 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in FirstCash by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company's stock valued at $108,107,000 after buying an additional 9,264 shares during the last quarter. Finally, Sei Investments Co. lifted its position in FirstCash by 5.4% during the 4th quarter. Sei Investments Co. now owns 648,582 shares of the company's stock worth $67,193,000 after acquiring an additional 33,040 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FirstCash

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.93% of the company's stock.

FirstCash Stock Performance

Shares of NASDAQ FCFS traded down $0.43 during mid-day trading on Monday, hitting $132.32. The company had a trading volume of 62,470 shares, compared to its average volume of 299,678. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $135.57. The firm has a market cap of $5.87 billion, a P/E ratio of 23.09 and a beta of 0.63. The business's 50-day simple moving average is $122.40 and its 200-day simple moving average is $113.48. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.75 by $0.32. The firm had revenue of $836.42 million during the quarter, compared to analysts' expectations of $837.11 million. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 EPS. As a group, analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, May 15th. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

Analysts Set New Price Targets

A number of analysts have issued reports on FCFS shares. Stephens reaffirmed an "overweight" rating and issued a $137.00 target price on shares of FirstCash in a report on Wednesday, February 19th. StockNews.com upgraded shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd.

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.