Cubist Systematic Strategies LLC Sells 22,372 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Cubist Systematic Strategies LLC reduced its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 62.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,168 shares of the company's stock after selling 22,372 shares during the period. Cubist Systematic Strategies LLC's holdings in FirstCash were worth $1,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FCFS. Rialto Wealth Management LLC acquired a new stake in shares of FirstCash in the 4th quarter valued at $31,000. J.Safra Asset Management Corp increased its stake in shares of FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after buying an additional 127 shares during the period. Quarry LP increased its stake in shares of FirstCash by 986.5% in the 4th quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after buying an additional 513 shares during the period. Hurley Capital LLC acquired a new stake in shares of FirstCash in the 4th quarter valued at $74,000. Finally, R Squared Ltd acquired a new stake in shares of FirstCash in the 4th quarter valued at $92,000. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Trading Down 0.3%

Shares of FirstCash stock traded down $0.43 during trading on Friday, reaching $126.69. 370,532 shares of the company were exchanged, compared to its average volume of 278,009. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $135.57. The business has a 50-day moving average price of $123.80 and a 200-day moving average price of $114.18. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 22.11 and a beta of 0.63.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share 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 analyst estimates of $837.11 million. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. Sell-side analysts anticipate 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 will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.52 annualized dividend and a yield of 1.20%. FirstCash's dividend payout ratio is presently 24.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com raised FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Stephens reaffirmed an "overweight" rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

FirstCash Company 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.