New York State Common Retirement Fund Cuts Stake in FirstCash Inc (NYSE:FCFS)

New York State Common Retirement Fund cut its stake in FirstCash Inc (NYSE:FCFS) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,783 shares of the credit services provider’s stock after selling 25,165 shares during the quarter. New York State Common Retirement Fund owned about 0.96% of FirstCash worth $32,880,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its position in FirstCash by 0.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 511,467 shares of the credit services provider’s stock valued at $46,887,000 after purchasing an additional 2,698 shares during the period. Squarepoint Ops LLC raised its position in FirstCash by 191.5% in the third quarter. Squarepoint Ops LLC now owns 38,145 shares of the credit services provider’s stock valued at $3,497,000 after purchasing an additional 25,060 shares during the period. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of FirstCash during the third quarter valued at about $1,123,000. Stifel Financial Corp grew its stake in shares of FirstCash by 11.8% during the third quarter. Stifel Financial Corp now owns 7,111 shares of the credit services provider’s stock valued at $651,000 after acquiring an additional 749 shares in the last quarter. Finally, Mason Street Advisors LLC grew its stake in shares of FirstCash by 56.5% during the third quarter. Mason Street Advisors LLC now owns 22,531 shares of the credit services provider’s stock valued at $2,065,000 after acquiring an additional 8,131 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Shares of FirstCash stock opened at $85.09 on Friday. The business has a 50-day moving average of $84.15 and a 200-day moving average of $88.60. FirstCash Inc has a 1-year low of $78.10 and a 1-year high of $106.80.

FirstCash (NYSE:FCFS) last announced its earnings results on Wednesday, January 29th. The credit services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.02. The business had revenue of $498.40 million for the quarter, compared to analyst estimates of $495.98 million. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from FirstCash’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.27%.

Several analysts have recently weighed in on the company. Zacks Investment Research downgraded FirstCash from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. JMP Securities downgraded FirstCash from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th.

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.

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Institutional Ownership by Quarter for FirstCash (NYSE:FCFS)

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