UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,407 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,944 shares of the company's stock after selling 2,407 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of FirstCash worth $8,800,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in FirstCash by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock valued at $27,841,000 after purchasing an additional 108,353 shares during the last quarter. Principal Financial Group Inc. lifted its stake in FirstCash by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 130,607 shares of the company's stock valued at $13,531,000 after purchasing an additional 4,483 shares during the last quarter. Vanguard Group Inc. lifted its stake in FirstCash by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after purchasing an additional 22,009 shares during the last quarter. Lazard Asset Management LLC lifted its stake in 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 purchasing an additional 2,552 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in FirstCash in the fourth quarter valued at approximately $18,169,000. Hedge funds and other institutional investors own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FCFS shares. Stephens reiterated an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th. Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th.

FirstCash Stock Performance

Shares of NASDAQ:FCFS traded down $2.18 during trading on Wednesday, hitting $124.38. 278,551 shares of the company were exchanged, compared to its average volume of 280,567. The company has a market cap of $5.52 billion, a PE ratio of 21.71 and a beta of 0.62. The stock has a 50 day moving average of $126.32 and a 200 day moving average of $115.96. 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 current ratio of 4.14 and a quick ratio of 3.15.

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

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued 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 payout ratio is currently 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.