AQR Capital Management LLC Buys 37,879 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

AQR Capital Management LLC grew its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,943 shares of the company's stock after buying an additional 37,879 shares during the period. AQR Capital Management LLC owned 0.43% of FirstCash worth $19,730,000 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. Rialto Wealth Management LLC purchased a new position in FirstCash in the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp increased its stake in FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after buying an additional 127 shares in the last quarter. Quarry LP lifted its holdings in FirstCash by 986.5% in the 4th quarter. Quarry LP now owns 565 shares of the company's stock worth $59,000 after purchasing an additional 513 shares in the last quarter. Hurley Capital LLC purchased a new position in FirstCash during the fourth quarter valued at $74,000. Finally, R Squared Ltd purchased a new stake in shares of FirstCash in the fourth quarter worth about $92,000. Hedge funds and other institutional investors own 80.30% of the company's stock.

FirstCash Stock Down 0.6 %

Shares of FCFS stock traded down $0.76 on Wednesday, reaching $133.44. 282,751 shares of the stock were exchanged, compared to its average volume of 273,403. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 23.29 and a beta of 0.63. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $135.57. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The business's 50 day moving average price is $121.52 and its 200 day moving average price is $113.08.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.07 EPS for the quarter, topping 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 firm had revenue of $836.42 million during the quarter, compared to analysts' expectations of $837.11 million. During the same period in the previous year, the company earned $1.55 EPS. FirstCash's revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, May 15th. FirstCash's payout ratio is 24.32%.

Insider Buying and Selling at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. The trade was a 6.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 14.77% of the company's stock.

Analyst Upgrades and Downgrades

FCFS has been the topic of several analyst reports. StockNews.com raised FirstCash from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Stephens reissued an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

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.