UBS Group AG Has $7.08 Million Stake in FirstCash Holdings, Inc. $FCFS

UBS Group AG decreased its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 58.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,389 shares of the company’s stock after selling 62,396 shares during the period. UBS Group AG’s holdings in FirstCash were worth $7,075,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FCFS. Westfield Capital Management Co. LP acquired a new stake in FirstCash during the 3rd quarter worth about $66,925,000. AQR Capital Management LLC raised its position in shares of FirstCash by 67.6% in the 3rd quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock worth $97,503,000 after acquiring an additional 251,305 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of FirstCash by 76.3% in the 3rd quarter. Victory Capital Management Inc. now owns 534,571 shares of the company’s stock worth $84,687,000 after acquiring an additional 231,379 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of FirstCash by 280.5% in the 3rd quarter. Alliancebernstein L.P. now owns 305,856 shares of the company’s stock worth $48,454,000 after acquiring an additional 225,466 shares in the last quarter. Finally, Capital Research Global Investors raised its position in shares of FirstCash by 78.3% in the 3rd quarter. Capital Research Global Investors now owns 402,112 shares of the company’s stock worth $63,703,000 after acquiring an additional 176,549 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

FirstCash Stock Performance

Shares of FCFS opened at $225.86 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. The stock has a 50-day moving average of $205.38 and a 200-day moving average of $181.10. The company has a market cap of $9.90 billion, a PE ratio of 28.30 and a beta of 0.52. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period last year, the business posted $2.07 EPS. On average, equities research analysts predict that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.42 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. FirstCash’s dividend payout ratio (DPR) is currently 21.05%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FCFS shares. Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Canaccord Genuity Group lifted their price objective on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, TD Cowen lifted their price objective on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, FirstCash currently has a consensus rating of “Buy” and a consensus price target of $198.00.

Insider Transactions at FirstCash

In other news, COO Thomas Brent Stuart sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $228.49, for a total value of $2,284,900.00. Following the completion of the sale, the chief operating officer directly owned 140,846 shares in the company, valued at $32,181,902.54. This trade represents a 6.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $227.29, for a total value of $454,580.00. Following the completion of the sale, the chief financial officer owned 35,734 shares of the company’s stock, valued at approximately $8,121,980.86. This represents a 5.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 17,500 shares of company stock valued at $3,972,130. 2.86% of the stock is currently owned by corporate insiders.

FirstCash Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.