Balyasny Asset Management L.P. Reduces Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Balyasny Asset Management L.P. reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 79.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,215 shares of the company's stock after selling 47,564 shares during the quarter. Balyasny Asset Management L.P.'s holdings in FirstCash were worth $1,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FCFS. Rialto Wealth Management LLC acquired a new stake in shares of FirstCash in the 4th quarter worth $31,000. J.Safra Asset Management Corp grew its stake in FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after purchasing an additional 127 shares during the last quarter. Quarry LP grew its stake in FirstCash by 986.5% during the 4th quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares during the last quarter. Hurley Capital LLC purchased a new stake in FirstCash during the 4th quarter valued at about $74,000. Finally, R Squared Ltd purchased a new stake in FirstCash during the 4th quarter valued at about $92,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Price Performance

NASDAQ FCFS traded down $0.43 during trading hours on Friday, reaching $126.69. The company's stock had a trading volume of 370,532 shares, compared to its average volume of 278,009. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 22.11 and a beta of 0.63. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $135.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The company's 50-day moving average is $123.80 and its two-hundred day moving average is $114.18.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.75 by $0.32. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The company had revenue of $836.42 million during the quarter, compared to analyst estimates of $837.11 million. During the same period in the previous year, the business earned $1.55 EPS. FirstCash's quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 annualized dividend and a yield of 1.20%. FirstCash's dividend payout ratio (DPR) is currently 24.32%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FCFS. StockNews.com raised FirstCash from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Stephens reissued an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

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.