Man Group plc Buys Shares of 68,630 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Man Group plc bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 68,630 shares of the company's stock, valued at approximately $7,110,000. Man Group plc owned 0.15% of FirstCash at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new stake in shares of FirstCash during the fourth quarter valued at $534,000. Occudo Quantitative Strategies LP bought a new stake in shares of FirstCash in the 4th quarter valued at approximately $340,000. Millennium Management LLC grew its holdings in shares of FirstCash by 332.5% during the fourth quarter. Millennium Management LLC now owns 194,389 shares of the company's stock worth $20,139,000 after purchasing an additional 149,439 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of FirstCash by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,925 shares of the company's stock valued at $2,271,000 after buying an additional 864 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of FirstCash by 45.1% in the fourth quarter. Lazard Asset Management LLC now owns 8,205 shares of the company's stock valued at $850,000 after buying an additional 2,552 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

FirstCash Price Performance

NASDAQ FCFS traded up $0.50 during trading hours on Friday, reaching $127.50. 258,120 shares of the stock traded hands, compared to its average volume of 278,936. The stock has a 50 day simple moving average of $124.96 and a two-hundred day simple moving average of $115.00. 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 Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $135.57. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 22.25 and a beta of 0.63.

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

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 15th. FirstCash's payout ratio is currently 24.32%.

Analysts Set New Price Targets

FCFS has been the topic of several recent research reports. Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Stephens restated an "overweight" rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

FirstCash Company 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.