Flinton Capital Management LLC boosted its holdings in shares of FirstCash Inc (NASDAQ:FCFS) by 70.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,930 shares of the credit services provider’s stock after acquiring an additional 2,040 shares during the period. Flinton Capital Management LLC’s holdings in FirstCash were worth $287,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaOne Investment Services LLC acquired a new stake in FirstCash during the 2nd quarter worth $207,000. Riverhead Capital Management LLC grew its holdings in FirstCash by 74.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,663 shares of the credit services provider’s stock worth $214,000 after acquiring an additional 1,563 shares during the period. Miles Capital Inc. acquired a new stake in FirstCash during the 2nd quarter worth $221,000. Strs Ohio grew its holdings in FirstCash by 100.0% during the 2nd quarter. Strs Ohio now owns 3,800 shares of the credit services provider’s stock worth $221,000 after acquiring an additional 1,900 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in FirstCash during the 2nd quarter worth $227,000.
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A number of analysts have commented on the stock. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Wednesday, August 16th. Janney Montgomery Scott lowered shares of FirstCash from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $58.55 to $58.00 in a report on Monday, July 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $73.00 target price on shares of FirstCash in a report on Thursday. BidaskClub lowered shares of FirstCash from a “hold” rating to a “sell” rating in a report on Friday. Finally, CL King lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $64.57.
FirstCash Inc (NASDAQ:FCFS) opened at 60.95 on Friday. FirstCash Inc has a 12 month low of $39.80 and a 12 month high of $63.60. The stock’s 50 day moving average is $60.40 and its 200-day moving average is $56.15. The company has a market capitalization of $2.91 billion, a PE ratio of 33.00 and a beta of 0.90.
FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $416.60 million during the quarter, compared to analysts’ expectations of $410.65 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. FirstCash’s revenue for the quarter was up 128.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. On average, analysts expect that FirstCash Inc will post $2.65 EPS for the current year.
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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