New South Capital Management Inc. Has $26.01 Million Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

New South Capital Management Inc. lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 22.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 216,129 shares of the company's stock after buying an additional 39,075 shares during the quarter. FirstCash accounts for approximately 1.3% of New South Capital Management Inc.'s holdings, making the stock its 28th largest holding. New South Capital Management Inc. owned about 0.48% of FirstCash worth $26,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in FirstCash by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock valued at $27,841,000 after purchasing an additional 108,353 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of FirstCash by 808.0% in the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after purchasing an additional 202 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of FirstCash by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after buying an additional 22,009 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of FirstCash by 45.1% during the fourth quarter. Lazard Asset Management LLC now owns 8,205 shares of the company's stock worth $850,000 after buying an additional 2,552 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of FirstCash in the first quarter worth $334,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of FirstCash from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 7th.

Insiders Place Their Bets

In other news, insider Howard F. Hambleton sold 3,900 shares of FirstCash stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total value of $510,627.00. Following the transaction, the insider owned 32,481 shares of the company's stock, valued at $4,252,737.33. The trade was a 10.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.93% of the company's stock.

FirstCash Stock Performance

NASDAQ:FCFS traded up $0.10 during trading hours on Friday, reaching $136.86. 128,319 shares of the stock were exchanged, compared to its average volume of 280,245. The stock has a market capitalization of $6.07 billion, a P/E ratio of 21.90 and a beta of 0.62. The firm has a 50 day simple moving average of $130.68 and a 200-day simple moving average of $119.92. The company has a quick ratio of 3.28, a current ratio of 4.39 and a debt-to-equity ratio of 0.83. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $138.42.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.32. The company had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. FirstCash had a net margin of 8.29% and a return on equity of 16.08%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. As a group, sell-side analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

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.