Martingale Asset Management L P Has $2.51 Million Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Martingale Asset Management L P lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,834 shares of the company’s stock after buying an additional 200 shares during the quarter. Martingale Asset Management L P’s holdings in FirstCash were worth $2,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FCFS. Isthmus Partners LLC acquired a new stake in shares of FirstCash in the 3rd quarter valued at about $581,000. Bridgewater Associates LP lifted its holdings in shares of FirstCash by 24.5% in the 3rd quarter. Bridgewater Associates LP now owns 16,791 shares of the company’s stock worth $1,928,000 after purchasing an additional 3,302 shares in the last quarter. Advantage Alpha Capital Partners LP acquired a new stake in FirstCash in the 3rd quarter valued at $3,707,000. FMR LLC raised its holdings in FirstCash by 18.3% during the third quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after buying an additional 1,037,601 shares during the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of FirstCash in the third quarter valued at $2,268,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stephens started coverage on FirstCash in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price objective for the company.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas Richard Rippel sold 3,374 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the transaction, the director now directly owns 4,731,869 shares of the company’s stock, valued at approximately $567,540,367.86. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,974 shares of company stock worth $688,080 in the last ninety days. Company insiders own 14.77% of the company’s stock.

FirstCash Stock Up 0.2 %

FCFS opened at $108.86 on Friday. FirstCash Holdings, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $133.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The company’s 50-day moving average is $109.79 and its 200 day moving average is $111.89. The firm has a market capitalization of $4.87 billion, a P/E ratio of 20.16 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 EPS. Research analysts expect that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s dividend payout ratio is presently 28.15%.

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.