FirstCash, Inc. (NASDAQ:FCFS) Stock Holdings Trimmed by New South Capital Management Inc.

New South Capital Management Inc. lessened its position in FirstCash, Inc. (NASDAQ:FCFS) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 297,876 shares of the company’s stock after selling 4,358 shares during the quarter. New South Capital Management Inc.’s holdings in FirstCash were worth $22,769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of FirstCash by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 525,355 shares of the company’s stock worth $40,158,000 after buying an additional 24,573 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of FirstCash in the 2nd quarter worth $391,000. First Bank & Trust grew its holdings in shares of FirstCash by 21.4% in the 2nd quarter. First Bank & Trust now owns 1,825 shares of the company’s stock worth $139,000 after acquiring an additional 322 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of FirstCash by 20.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,965 shares of the company’s stock worth $991,000 after acquiring an additional 2,171 shares during the last quarter. Finally, Van Hulzen Asset Management LLC grew its holdings in shares of FirstCash by 6.3% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 8,436 shares of the company’s stock worth $645,000 after acquiring an additional 502 shares during the last quarter. 94.69% of the stock is currently owned by institutional investors.

Shares of FCFS stock traded up $0.18 on Tuesday, reaching $86.62. 683 shares of the company’s stock traded hands, compared to its average volume of 222,623. FirstCash, Inc. has a 12-month low of $51.15 and a 12-month high of $89.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.78 and a current ratio of 2.69. The company has a market capitalization of $3.50 billion, a P/E ratio of 32.39 and a beta of 0.84. The business’s 50 day moving average price is $82.85 and its two-hundred day moving average price is $77.09.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Tuesday, July 20th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. FirstCash had a return on equity of 9.63% and a net margin of 7.09%. The business had revenue of $389.58 million for the quarter, compared to the consensus estimate of $380.94 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. FirstCash’s revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts predict that FirstCash, Inc. will post 3.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, August 13th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. FirstCash’s dividend payout ratio (DPR) is currently 39.87%.

A number of equities analysts recently issued reports on FCFS shares. Jefferies Financial Group started coverage on FirstCash in a report on Friday, September 10th. They issued a “buy” rating and a $105.00 target price on the stock. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, July 13th. Barclays lifted their target price on FirstCash from $86.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, August 17th. Wedbush lifted their price target on FirstCash from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, September 8th. Finally, Credit Suisse Group downgraded FirstCash from an “outperform” rating to an “underperform” rating and lifted their price target for the company from $74.00 to $83.00 in a report on Tuesday, June 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.00.

About FirstCash

FirstCash, Inc operates retail-based pawn stores. It operates through the following segments: U.S. operations and Latin America operations. The U. S. Operations segment includes all pawn and consumer loan operations in the U. S. The Latin America Operations segment consists of all pawn and consumer loan operations in Latin America, which includes operations in Mexico, Guatemala, El Salvador and Colombia.

See Also: What does a dividend yield signify to investors?

Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash, Inc. (NASDAQ:FCFS).

Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.