American International Group Inc. Trims Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

American International Group Inc. cut its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,239 shares of the company’s stock after selling 1,160 shares during the period. American International Group Inc.’s holdings in FirstCash were worth $8,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of FirstCash by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock valued at $440,332,000 after acquiring an additional 219,983 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of FirstCash by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,591 shares of the company’s stock valued at $112,573,000 after acquiring an additional 36,035 shares during the period. Sei Investments Co. raised its stake in shares of FirstCash by 6.3% in the 1st quarter. Sei Investments Co. now owns 611,435 shares of the company’s stock valued at $77,983,000 after acquiring an additional 36,181 shares during the period. Boston Partners raised its stake in shares of FirstCash by 3.2% in the 4th quarter. Boston Partners now owns 527,524 shares of the company’s stock valued at $57,690,000 after acquiring an additional 16,498 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of FirstCash by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 435,701 shares of the company’s stock valued at $47,226,000 after acquiring an additional 1,240 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 720,950 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $117.90, for a total transaction of $85,000,005.00. Following the completion of the transaction, the director now owns 4,746,023 shares in the company, valued at approximately $559,556,111.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other FirstCash news, Director Douglas Richard Rippel sold 720,950 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $117.90, for a total transaction of $85,000,005.00. Following the completion of the transaction, the director now owns 4,746,023 shares in the company, valued at approximately $559,556,111.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $116.53, for a total transaction of $233,060.00. Following the transaction, the chief financial officer now owns 92,715 shares of the company’s stock, valued at approximately $10,804,078.95. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by company insiders.

FirstCash Stock Up 2.6 %

Shares of FCFS stock traded up $2.89 during trading on Thursday, reaching $112.95. The company’s stock had a trading volume of 222,280 shares, compared to its average volume of 239,736. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.99 and a quick ratio of 3.03. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 22.04 and a beta of 0.62. The stock’s 50-day moving average price is $110.47 and its 200 day moving average price is $115.98. FirstCash Holdings, Inc. has a 1-year low of $88.05 and a 1-year high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The firm had revenue of $836.40 million during the quarter, compared to analysts’ expectations of $846.08 million. During the same quarter in the previous year, the business posted $1.25 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, research analysts anticipate that FirstCash Holdings, Inc. will post 6.6 EPS for the current year.

Wall Street Analyst Weigh In

FCFS has been the topic of a number of research analyst reports. BTIG Research initiated coverage on shares of FirstCash in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $140.00 in a report on Monday, April 29th. Finally, TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.00.

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.