FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Hosking Partners LLP

Hosking Partners LLP reduced its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,908 shares of the company’s stock after selling 167 shares during the quarter. Hosking Partners LLP owned about 0.13% of FirstCash worth $6,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of FirstCash by 18.3% in the third quarter. FMR LLC now owns 6,712,779 shares of the company’s stock valued at $770,627,000 after buying an additional 1,037,601 shares during the last quarter. State Street Corp grew its stake in FirstCash by 2.1% during the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company’s stock valued at $159,196,000 after acquiring an additional 28,415 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in FirstCash by 28.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock valued at $58,076,000 after acquiring an additional 123,386 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in FirstCash by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock worth $57,200,000 after purchasing an additional 37,810 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of FirstCash by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company’s stock worth $40,164,000 after purchasing an additional 30,948 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Price Performance

FirstCash stock opened at $110.97 on Friday. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $110.25 and a 200 day moving average price of $111.24. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The stock has a market cap of $4.97 billion, a P/E ratio of 19.37 and a beta of 0.67.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Sell-side analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Analyst Ratings Changes

Separately, Stephens restated an “overweight” rating and issued a $137.00 price target on shares of FirstCash in a research report on Wednesday, February 19th.

Insider Transactions at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, the insider now directly owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at $11,399,269.45. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.77% of the company’s stock.

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.