Schonfeld Strategic Advisors LLC Reduces Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Schonfeld Strategic Advisors LLC lessened its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 64.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,997 shares of the company's stock after selling 35,563 shares during the period. Schonfeld Strategic Advisors LLC's holdings in FirstCash were worth $2,072,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its stake in FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after buying an additional 94 shares during the period. Integrated Investment Consultants LLC increased its stake in FirstCash by 2.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock worth $476,000 after buying an additional 105 shares during the period. Bank of Nova Scotia increased its stake in FirstCash by 3.6% in the 4th quarter. Bank of Nova Scotia now owns 3,403 shares of the company's stock worth $353,000 after buying an additional 117 shares during the period. Sanctuary Advisors LLC increased its stake in FirstCash by 1.8% in the 4th quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock worth $826,000 after buying an additional 127 shares during the period. Finally, 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 during the period. Hedge funds and other institutional investors own 80.30% of the company's stock.

FirstCash Stock Down 0.9%

NASDAQ FCFS traded down $1.18 during trading on Friday, reaching $132.75. 282,820 shares of the company's stock traded hands, compared to its average volume of 274,703. 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 firm has a market cap of $5.89 billion, a price-to-earnings ratio of 23.17 and a beta of 0.63. The company's 50 day simple moving average is $122.40 and its two-hundred day simple moving average is $113.48. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $135.57.

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

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 15th. FirstCash's payout ratio is currently 24.32%.

Insider Transactions 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 value of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares of the company's stock, 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 accessible through this link. Insiders own 2.93% of the company's stock.

Analyst Ratings Changes

FCFS has been the topic of a number of research reports. StockNews.com raised shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Stephens reissued an "overweight" rating and set a $137.00 target price on shares of FirstCash in a research 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.