Mirabella Financial Services LLP Buys Shares of 21,858 FirstCash Holdings, Inc. $FCFS

Key Points

• Mirabella Financial Services LLP bought a new stake of 21,858 shares of FirstCash (NASDAQ:FCFS) in the third quarter, valued at about $3.46 million, and institutional investors now own roughly 80.30% of the company.
• FirstCash last reported stronger-than-expected results, with quarterly EPS of $2.64 versus a $2.54 estimate and revenue of $1.06 billion (up 19.8% year-over-year); the company has a market cap of about $8.36 billion and a PE ratio of 25.62.
• Insiders have sold 26,500 shares worth about $4.78 million in the past 90 days (insiders own 2.93%), the firm pays a $0.42 quarterly dividend ($1.68 annualized, ~0.9% yield), and analysts hold a consensus “Moderate Buy” rating with a $177.50 target.

Mirabella Financial Services LLP bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,858 shares of the company's stock, valued at approximately $3,463,000.

Several other hedge funds and other institutional investors have also modified their holdings of FCFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in FirstCash by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company's stock valued at $2,761,000 after buying an additional 1,021 shares during the period. Goldman Sachs Group Inc. boosted its position in FirstCash by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company's stock worth $46,866,000 after acquiring an additional 34,364 shares during the period. Jane Street Group LLC grew its stake in FirstCash by 237.2% during the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company's stock valued at $7,467,000 after acquiring an additional 43,653 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in FirstCash by 4.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,478 shares of the company's stock valued at $470,000 after acquiring an additional 161 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of FirstCash by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 980,738 shares of the company's stock valued at $132,552,000 after purchasing an additional 11,534 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Stock Down 0.3%

FCFS opened at $190.08 on Thursday. The company has a market capitalization of $8.36 billion, a PE ratio of 25.62 and a beta of 0.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.55 and a quick ratio of 3.36. FirstCash Holdings, Inc. has a fifty-two week low of $114.21 and a fifty-two week high of $199.60. The business has a 50-day moving average of $180.09 and a 200-day moving average of $164.33.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.54 by $0.10. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the business posted $2.12 EPS. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. Equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 18th were paid a $0.42 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. FirstCash's payout ratio is 22.64%.

Wall Street Analyst Weigh In

FCFS has been the subject of several research reports. Weiss Ratings restated a "buy (b)" rating on shares of FirstCash in a report on Monday, December 29th. Canaccord Genuity Group set a $217.00 price objective on shares of FirstCash in a research note on Friday, February 6th. Zacks Research downgraded shares of FirstCash from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 2nd. Finally, Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, FirstCash presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.50.

Insiders Place Their Bets

In other news, insider Howard F. Hambleton sold 4,000 shares of the firm's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $185.12, for a total transaction of $740,480.00. Following the transaction, the insider owned 35,406 shares in the company, valued at approximately $6,554,358.72. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas Brent Stuart sold 10,000 shares of FirstCash stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $182.53, for a total transaction of $1,825,300.00. Following the completion of the sale, the chief operating officer directly owned 150,846 shares of the company's stock, valued at approximately $27,533,920.38. The trade was a 6.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,500 shares of company stock valued at $4,783,985 over the last ninety days. Corporate insiders own 2.93% of the company's stock.

FirstCash Company Profile

FirstCash, Inc NASDAQ: FCFS is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.

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