Squarepoint Ops LLC Trims Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Squarepoint Ops LLC lowered its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,198 shares of the company's stock after selling 2,309 shares during the quarter. Squarepoint Ops LLC's holdings in FirstCash were worth $1,160,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FCFS. Barclays PLC grew its holdings in shares of FirstCash by 163.8% during the third quarter. Barclays PLC now owns 81,807 shares of the company's stock worth $9,391,000 after buying an additional 50,799 shares during the last quarter. KBC Group NV grew its holdings in shares of FirstCash by 54.1% during the fourth quarter. KBC Group NV now owns 1,859 shares of the company's stock worth $193,000 after buying an additional 653 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of FirstCash during the fourth quarter worth about $275,000. Stephens Inc. AR boosted its holdings in FirstCash by 14.4% in the 4th quarter. Stephens Inc. AR now owns 34,927 shares of the company's stock valued at $3,618,000 after purchasing an additional 4,408 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in FirstCash by 28.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock valued at $58,076,000 after purchasing an additional 123,386 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

FirstCash Stock Performance

FCFS traded up $1.28 during trading on Friday, reaching $128.52. The company's stock had a trading volume of 303,341 shares, compared to its average volume of 279,959. The company's fifty day moving average price is $125.94 and its 200-day moving average price is $115.61. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $135.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 22.43 and a beta of 0.63.

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

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.18%. FirstCash's payout ratio is 24.32%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FCFS. Wall Street Zen lowered FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Stephens reaffirmed an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

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.