Squarepoint Ops LLC Cuts Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Squarepoint Ops LLC lessened its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 17.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,198 shares of the company's stock after selling 2,309 shares during the period. Squarepoint Ops LLC's holdings in FirstCash were worth $1,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FCFS. Vanguard Group Inc. boosted its holdings in shares of FirstCash by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after buying an additional 22,009 shares in the last quarter. Earnest Partners LLC raised its holdings in FirstCash by 2.3% during the fourth quarter. Earnest Partners LLC now owns 2,338,671 shares of the company's stock valued at $242,286,000 after acquiring an additional 52,409 shares during the period. Fiduciary Management Inc. WI increased its holdings in FirstCash by 76.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock valued at $135,046,000 after acquiring an additional 563,265 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of FirstCash by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company's stock valued at $108,107,000 after purchasing an additional 9,264 shares in the last quarter. Finally, Sei Investments Co. increased its stake in FirstCash by 5.4% during the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company's stock worth $67,193,000 after acquiring an additional 33,040 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FCFS. Wall Street Zen downgraded shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Stephens restated an "overweight" rating and issued a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th.

FirstCash Stock Down 1.7%

NASDAQ FCFS traded down $2.18 during trading hours on Wednesday, hitting $124.38. The company had a trading volume of 278,551 shares, compared to its average volume of 280,567. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $135.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 21.71 and a beta of 0.62. The firm's 50 day moving average is $126.32 and its 200 day moving average is $115.96.

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

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. FirstCash's dividend payout ratio is presently 24.32%.

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.