California Public Employees Retirement System lifted its stake in shares of FirstCash Inc (NASDAQ:FCFS) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,212 shares of the credit services provider’s stock after buying an additional 3,100 shares during the quarter. California Public Employees Retirement System owned approximately 0.33% of FirstCash worth $9,340,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of FirstCash by 1.2% during the second quarter. Vanguard Group Inc. now owns 4,199,210 shares of the credit services provider’s stock worth $244,815,000 after buying an additional 51,576 shares in the last quarter. AlphaOne Investment Services LLC bought a new position in FirstCash during the second quarter worth $207,000. GSA Capital Partners LLP lifted its stake in FirstCash by 403.1% during the second quarter. GSA Capital Partners LLP now owns 22,850 shares of the credit services provider’s stock worth $1,332,000 after purchasing an additional 18,308 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in FirstCash by 2.1% during the second quarter. UBS Asset Management Americas Inc. now owns 29,508 shares of the credit services provider’s stock worth $1,720,000 after purchasing an additional 606 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in FirstCash by 1.9% during the second quarter. Amalgamated Bank now owns 6,491 shares of the credit services provider’s stock worth $378,000 after purchasing an additional 123 shares during the last quarter.
FirstCash Inc (FCFS) opened at 60.55 on Wednesday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 32.78 and a beta of 0.90. FirstCash Inc has a 1-year low of $39.80 and a 1-year high of $63.60. The firm has a 50-day moving average price of $60.48 and a 200-day moving average price of $56.41.
FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 27th. The credit services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $416.60 million during the quarter, compared to analyst estimates of $410.65 million. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The firm’s revenue was up 128.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. On average, analysts expect that FirstCash Inc will post $2.65 earnings per share for the current fiscal year.
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Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Wednesday, August 16th. Janney Montgomery Scott cut FirstCash from a “buy” rating to a “neutral” rating and cut their target price for the company from $58.55 to $58.00 in a research note on Monday, July 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $73.00 target price on shares of FirstCash in a research note on Thursday, October 12th. BidaskClub upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Finally, CL King cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $64.57.
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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