Earnest Partners LLC Has $184.41 Million Position in FirstCash Inc (NYSE:FCFS)

Earnest Partners LLC increased its position in shares of FirstCash Inc (NYSE:FCFS) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,843,693 shares of the credit services provider’s stock after purchasing an additional 5,479 shares during the quarter. FirstCash accounts for approximately 1.7% of Earnest Partners LLC’s investment portfolio, making the stock its 3rd largest position. Earnest Partners LLC owned 4.29% of FirstCash worth $184,406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FCFS. Berman Capital Advisors LLC bought a new position in shares of FirstCash in the second quarter valued at approximately $26,000. Manchester Capital Management LLC acquired a new position in FirstCash during the first quarter valued at approximately $38,000. US Bancorp DE grew its holdings in FirstCash by 14.7% during the second quarter. US Bancorp DE now owns 2,072 shares of the credit services provider’s stock valued at $208,000 after purchasing an additional 265 shares during the period. Nwam LLC acquired a new position in FirstCash during the second quarter valued at approximately $227,000. Finally, AlphaOne Investment Services LLC grew its holdings in FirstCash by 279.5% during the second quarter. AlphaOne Investment Services LLC now owns 2,607 shares of the credit services provider’s stock valued at $261,000 after purchasing an additional 1,920 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on FCFS. Zacks Investment Research upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Jefferies Financial Group increased their target price on FirstCash from $107.00 to $115.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Barclays downgraded FirstCash from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $106.00.

In other news, Director James H. Graves sold 3,597 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $99.33, for a total value of $357,290.01. Following the completion of the sale, the director now directly owns 21,272 shares of the company’s stock, valued at approximately $2,112,947.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $101.83, for a total value of $254,575.00. Following the completion of the sale, the chief financial officer now directly owns 135,000 shares of the company’s stock, valued at $13,747,050. The disclosure for this sale can be found here. 2.83% of the stock is owned by company insiders.

NYSE FCFS opened at $97.72 on Friday. The business has a 50 day simple moving average of $99.70 and a two-hundred day simple moving average of $95.53. FirstCash Inc has a 1-year low of $66.28 and a 1-year high of $106.80.

FirstCash (NYSE:FCFS) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $446.00 million for the quarter, compared to analysts’ expectations of $435.50 million. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Wednesday, August 14th.

FirstCash 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.

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Institutional Ownership by Quarter for FirstCash (NYSE:FCFS)

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