New York State Common Retirement Fund Sells 588 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

New York State Common Retirement Fund decreased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,105 shares of the company’s stock after selling 588 shares during the quarter. New York State Common Retirement Fund’s holdings in FirstCash were worth $19,177,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of FirstCash during the third quarter worth about $553,000. CWA Asset Management Group LLC bought a new stake in FirstCash during the 3rd quarter worth approximately $1,576,000. Advantage Alpha Capital Partners LP bought a new stake in FirstCash during the 3rd quarter worth approximately $3,707,000. Natixis Advisors LLC increased its holdings in FirstCash by 174.3% during the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after purchasing an additional 101,130 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in FirstCash by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 160,379 shares of the company’s stock worth $18,412,000 after buying an additional 39,077 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on FCFS. Stephens reiterated an “overweight” rating and set a $137.00 price target on shares of FirstCash in a report on Wednesday. TD Cowen dropped their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

Insiders Place Their Bets

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction dated 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 completion of the transaction, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the transaction, the chief financial officer now 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 Trading Up 0.3 %

Shares of FirstCash stock opened at $114.59 on Friday. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The firm has a market cap of $5.13 billion, a PE ratio of 20.00 and a beta of 0.67. The stock has a fifty day moving average price of $109.50 and a 200-day moving average price of $111.23. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, February 14th. FirstCash’s dividend payout ratio is currently 26.53%.

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.