PEAK6 Investments LLC Trims Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

PEAK6 Investments LLC decreased its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 42.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,005 shares of the company’s stock after selling 21,811 shares during the quarter. PEAK6 Investments LLC’s holdings in FirstCash were worth $3,445,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC increased its position in shares of FirstCash by 18.3% during the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock valued at $770,627,000 after purchasing an additional 1,037,601 shares during the last quarter. Earnest Partners LLC lifted its holdings in FirstCash by 2.4% in the 2nd quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock worth $245,879,000 after purchasing an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FirstCash by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after acquiring an additional 15,780 shares during the last quarter. Sei Investments Co. grew its position in shares of FirstCash by 3.2% during the second quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock valued at $66,211,000 after purchasing an additional 19,868 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in FirstCash by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock valued at $57,200,000 after buying an additional 37,810 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Price Performance

NASDAQ FCFS opened at $108.86 on Friday. The company has a market cap of $4.87 billion, a PE ratio of 20.16 and a beta of 0.64. The firm’s 50 day moving average price is $109.79 and its 200-day moving average price is $111.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. FirstCash Holdings, Inc. has a 52-week low of $101.62 and a 52-week high of $133.64.

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

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a $0.38 dividend. 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 payout ratio is currently 28.15%.

Insider Buying and Selling

In other FirstCash news, Director Douglas Richard Rippel sold 600 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $120.07, for a total transaction of $72,042.00. Following the sale, the director now directly owns 4,735,243 shares of the company’s stock, valued at approximately $568,560,627.01. This trade represents a 0.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,974 shares of company stock worth $688,080 in the last three months. Corporate insiders own 14.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FCFS shares. TD Cowen reduced their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stephens initiated coverage on FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price for the company.

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.