14,633 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,633 shares of the company’s stock, valued at approximately $1,680,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in FirstCash by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,561 shares of the company’s stock worth $2,750,000 after acquiring an additional 1,367 shares during the last quarter. Atria Investments Inc purchased a new stake in FirstCash during the 1st quarter worth about $1,189,000. Linden Thomas Advisory Services LLC raised its stake in FirstCash by 2.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,794 shares of the company’s stock valued at $1,027,000 after purchasing an additional 239 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of FirstCash during the 2nd quarter worth about $216,000. Finally, SG Americas Securities LLC grew its holdings in shares of FirstCash by 160.6% during the second quarter. SG Americas Securities LLC now owns 5,014 shares of the company’s stock worth $526,000 after buying an additional 3,090 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FCFS has been the topic of several analyst reports. TD Cowen decreased their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stephens initiated coverage on shares of FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price target on the stock.

FirstCash Stock Performance

NASDAQ FCFS opened at $106.58 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. FirstCash Holdings, Inc. has a 1-year low of $101.62 and a 1-year high of $133.64. The firm has a market capitalization of $4.77 billion, a P/E ratio of 19.74 and a beta of 0.65. The business’s 50-day simple moving average is $109.40 and its 200-day simple moving average is $111.71.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. During the same quarter in the previous year, the business posted $1.56 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts predict that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the transaction, the director now directly owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. This represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,974 shares of company stock worth $688,080 in the last 90 days. 14.77% of the stock is owned by company insiders.

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.