Teachers Advisors LLC Acquires 4,320 Shares of FirstCash Inc (FCFS)

Teachers Advisors LLC grew its holdings in FirstCash Inc (NYSE:FCFS) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,329 shares of the credit services provider’s stock after buying an additional 4,320 shares during the quarter. Teachers Advisors LLC owned 0.24% of FirstCash worth $8,719,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FCFS. IndexIQ Advisors LLC grew its stake in shares of FirstCash by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 27,978 shares of the credit services provider’s stock valued at $2,294,000 after buying an additional 1,057 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in shares of FirstCash by 45.2% in the third quarter. MetLife Investment Advisors LLC now owns 30,033 shares of the credit services provider’s stock valued at $2,463,000 after buying an additional 9,345 shares in the last quarter. Vident Investment Advisory LLC grew its stake in shares of FirstCash by 26.6% in the third quarter. Vident Investment Advisory LLC now owns 6,732 shares of the credit services provider’s stock valued at $552,000 after buying an additional 1,413 shares in the last quarter. BlueMountain Capital Management LLC grew its stake in shares of FirstCash by 954.0% in the third quarter. BlueMountain Capital Management LLC now owns 72,143 shares of the credit services provider’s stock valued at $5,916,000 after buying an additional 65,298 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of FirstCash in the third quarter valued at $1,222,000. Institutional investors own 95.30% of the company’s stock.

FCFS has been the subject of several analyst reports. Zacks Investment Research cut shares of FirstCash from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Barclays initiated coverage on shares of FirstCash in a research note on Wednesday, September 26th. They issued an “overweight” rating and a $95.00 target price for the company. ValuEngine cut shares of FirstCash from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Wedbush raised shares of FirstCash from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $93.17.



In other news, Director James H. Graves sold 7,000 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $89.11, for a total value of $623,770.00. Following the completion of the sale, the director now owns 23,597 shares of the company’s stock, valued at $2,102,728.67. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $85.00, for a total transaction of $212,500.00. Following the completion of the sale, the chief financial officer now directly owns 157,500 shares of the company’s stock, valued at approximately $13,387,500. The disclosure for this sale can be found here. Insiders own 2.83% of the company’s stock.

FCFS stock opened at $77.02 on Friday. FirstCash Inc has a one year low of $66.28 and a one year high of $95.40.

FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, October 25th. The credit services provider reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. The company had revenue of $429.88 million for the quarter, compared to the consensus estimate of $440.46 million.

FirstCash announced that its Board of Directors has initiated a share buyback plan on Thursday, October 25th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the credit services provider to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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FirstCash Company Profile

FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.

Further Reading: Intrinsic Value and Stock Selection

Institutional Ownership by Quarter for FirstCash (NYSE:FCFS)

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