Fox Run Management L.L.C. Lowers Stock Position in FirstCash Holdings, Inc. $FCFS

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Fox Run Management L.L.C. reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 52.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,328 shares of the company's stock after selling 3,630 shares during the quarter. Fox Run Management L.L.C.'s holdings in FirstCash were worth $400,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FCFS. Raymond James Financial Inc. purchased a new position in shares of FirstCash during the 4th quarter valued at about $18,169,000. Barclays PLC lifted its position in shares of FirstCash by 25.1% during the 4th quarter. Barclays PLC now owns 102,357 shares of the company's stock valued at $10,605,000 after buying an additional 20,550 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of FirstCash during the 4th quarter valued at about $339,000. Jump Financial LLC lifted its position in shares of FirstCash by 229.8% during the 4th quarter. Jump Financial LLC now owns 6,982 shares of the company's stock valued at $723,000 after buying an additional 4,865 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of FirstCash by 5,338.6% during the 4th quarter. Marshall Wace LLP now owns 137,597 shares of the company's stock valued at $14,255,000 after buying an additional 135,067 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Trading Up 4.1%

NASDAQ:FCFS traded up $5.68 during midday trading on Friday, hitting $144.38. 509,774 shares of the company traded hands, compared to its average volume of 378,572. The firm's fifty day moving average is $133.26 and its 200-day moving average is $126.00. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $144.63. The firm has a market capitalization of $6.41 billion, a P/E ratio of 22.18 and a beta of 0.68. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.13. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The company had revenue of $830.62 million for the quarter, compared to analyst estimates of $820.42 million. During the same quarter in the prior year, the firm posted $1.37 EPS. FirstCash's quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 15th. This is a boost from FirstCash's previous quarterly dividend of $0.38. FirstCash's payout ratio is currently 25.81%.

Insider Activity at FirstCash

In other FirstCash news, CEO Rick L. Wessel sold 30,976 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $139.33, for a total value of $4,315,886.08. Following the sale, the chief executive officer owned 901,982 shares in the company, valued at $125,673,152.06. This trade represents a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Howard F. Hambleton sold 3,900 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the completion of the sale, the insider owned 32,481 shares in the company, valued at approximately $4,252,737.33. The trade was a 10.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,900 shares of company stock worth $15,193,007. Company insiders own 2.93% of the company's stock.

Wall Street Analysts Forecast Growth

FCFS has been the topic of a number of analyst reports. Capital One Financial set a $160.00 price objective on FirstCash in a research report on Tuesday, August 5th. Jefferies Financial Group raised FirstCash to a "strong-buy" rating in a report on Monday, August 18th. Cowen reaffirmed a "buy" rating on shares of FirstCash in a report on Monday, August 18th. Finally, Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, FirstCash has a consensus rating of "Buy" and a consensus target price of $142.33.

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.