Millennium Management LLC Acquires 149,439 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Millennium Management LLC boosted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 332.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,389 shares of the company's stock after acquiring an additional 149,439 shares during the period. Millennium Management LLC owned 0.43% of FirstCash worth $20,139,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its holdings in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after acquiring an additional 94 shares during the last quarter. Bank of Nova Scotia boosted its holdings in FirstCash by 3.6% in the fourth quarter. Bank of Nova Scotia now owns 3,403 shares of the company's stock valued at $353,000 after acquiring an additional 117 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in FirstCash by 1.8% in the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock valued at $826,000 after acquiring an additional 127 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after acquiring an additional 127 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in FirstCash by 1.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 11,960 shares of the company's stock valued at $1,239,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 80.30% of the company's stock.

FirstCash Trading Up 0.4%

FCFS traded up $0.50 during midday trading on Monday, reaching $127.50. 258,120 shares of the company were exchanged, compared to its average volume of 278,936. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $135.57. The stock has a market capitalization of $5.66 billion, a P/E ratio of 22.25 and a beta of 0.63. The stock's 50-day simple moving average is $125.14 and its 200 day simple moving average is $115.13.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.32. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The firm had revenue of $836.42 million for the quarter, compared to analysts' expectations of $837.11 million. During the same quarter last year, the business earned $1.55 earnings per share. The company's revenue was up .0% compared to the same quarter last year. As a group, 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 disclosed 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 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, May 15th. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FCFS shares. Stephens reiterated an "overweight" rating and issued a $137.00 price target on shares of FirstCash in a report on Wednesday, February 19th. Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday.

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.