Chase Investment Counsel Corp Purchases 3,440 Shares of FirstCash Holdings, Inc. $FCFS

Chase Investment Counsel Corp increased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 71.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,236 shares of the company’s stock after buying an additional 3,440 shares during the quarter. Chase Investment Counsel Corp’s holdings in FirstCash were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new stake in FirstCash during the 1st quarter worth approximately $26,000. Geneos Wealth Management Inc. bought a new position in shares of FirstCash during the first quarter valued at $29,000. CIBC Private Wealth Group LLC lifted its holdings in shares of FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock worth $31,000 after purchasing an additional 162 shares during the period. High Point Wealth Management LLC acquired a new position in shares of FirstCash during the fourth quarter worth $33,000. Finally, Assetmark Inc. grew its stake in shares of FirstCash by 113.2% in the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after purchasing an additional 103 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other FirstCash news, Director Paula K. Garrett sold 1,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $217.40, for a total transaction of $326,100.00. Following the transaction, the director directly owned 6,564 shares in the company, valued at approximately $1,427,013.60. This represents a 18.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas Brent Stuart sold 10,000 shares of FirstCash stock in a transaction on Monday, May 18th. The shares were sold at an average price of $228.49, for a total transaction of $2,284,900.00. Following the completion of the sale, the chief operating officer owned 140,846 shares of the company’s stock, valued at $32,181,902.54. This represents a 6.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 27,500 shares of company stock worth $6,243,104. Company insiders own 2.86% of the company’s stock.

FirstCash Stock Performance

FCFS stock opened at $211.89 on Wednesday. The firm has a market cap of $9.29 billion, a PE ratio of 26.55 and a beta of 0.53. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average price of $221.09 and a 200-day moving average price of $200.49. FirstCash Holdings, Inc. has a 1-year low of $119.21 and a 1-year high of $235.97.

FirstCash (NASDAQ:FCFS) last announced 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. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company earned $2.07 EPS. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. As a group, equities research analysts expect that FirstCash Holdings, Inc. will post 11.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FCFS. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. TD Cowen upped their price target on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Canaccord Genuity Group raised 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. Finally, Weiss Ratings downgraded FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, FirstCash presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.25.

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.