FirstCash Holdings, Inc. $FCFS Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 23.8% during the 4th quarter, HoldingsChannel reports. The fund owned 241,708 shares of the company’s stock after selling 75,581 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in FirstCash were worth $38,523,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in FirstCash in the 4th quarter valued at about $5,476,000. SHP Wealth Management acquired a new stake in shares of FirstCash during the 4th quarter worth approximately $48,000. Midway Capital Research & Management acquired a new stake in shares of FirstCash during the 4th quarter worth approximately $2,220,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of FirstCash by 531.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 259 shares of the company’s stock worth $41,000 after buying an additional 218 shares during the last quarter. Finally, Villanova Investment Management Co LLC raised its position in shares of FirstCash by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock valued at $2,037,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FCFS. Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. TD Cowen lifted their target price on FirstCash from $205.00 to $235.00 and gave the company 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 note on Sunday, May 10th. Zacks Research upgraded FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, FirstCash has an average rating of “Buy” and a consensus target price of $198.00.

Insiders Place Their Bets

In related news, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total value of $679,230.00. Following the completion of the transaction, the insider owned 32,406 shares in the company, valued at approximately $7,337,042.46. The trade was a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the sale, the senior vice president directly owned 20,400 shares in the company, valued at approximately $4,594,692. The trade was a 25.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 27,500 shares of company stock valued at $6,243,104. 2.86% of the stock is owned by company insiders.

FirstCash Price Performance

FCFS stock opened at $227.05 on Monday. 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 company has a market capitalization of $9.95 billion, a PE ratio of 28.45 and a beta of 0.52. FirstCash Holdings, Inc. has a 12-month low of $119.21 and a 12-month high of $235.97. The business’s fifty day moving average price is $219.43 and its 200 day moving average price is $191.69.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.39. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.FirstCash’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. FirstCash’s dividend payout ratio is currently 21.05%.

About FirstCash

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.