FirstCash Inc (FCFS) Shares Sold by Fmr LLC

Fmr LLC reduced its holdings in shares of FirstCash Inc (NASDAQ:FCFS) by 22.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,319,852 shares of the credit services provider’s stock after selling 390,366 shares during the quarter. Fmr LLC owned 2.73% of FirstCash worth $76,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. increased its position in FirstCash by 0.3% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 4,394 shares of the credit services provider’s stock valued at $256,000 after acquiring an additional 12 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in FirstCash by 0.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 32,077 shares of the credit services provider’s stock valued at $1,870,000 after acquiring an additional 83 shares during the last quarter. HL Financial Services LLC increased its position in FirstCash by 2.2% during the second quarter. HL Financial Services LLC now owns 4,237 shares of the credit services provider’s stock valued at $247,000 after acquiring an additional 91 shares during the last quarter. Nisa Investment Advisors LLC increased its position in FirstCash by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 29,848 shares of the credit services provider’s stock valued at $1,740,000 after acquiring an additional 100 shares during the last quarter. Finally, Amalgamated Bank increased its position in FirstCash by 1.9% during the second quarter. Amalgamated Bank now owns 6,491 shares of the credit services provider’s stock valued at $378,000 after acquiring an additional 123 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “FirstCash Inc (FCFS) Shares Sold by Fmr LLC” was originally published by Stock Observer and is owned by of Stock Observer. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.thestockobserver.com/2017/10/13/firstcash-inc-fcfs-shares-sold-by-fmr-llc.html.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The business had revenue of $416.60 million during the quarter, compared to analysts’ expectations of $410.65 million. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The company’s revenue for the quarter was up 128.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS.

A number of analysts recently commented on the company. BidaskClub cut FirstCash from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Credit Suisse Group assumed coverage on FirstCash in a research report on Wednesday, October 4th. They set an “outperform” rating and a $73.00 price objective for the company. CL King cut FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Stephens upped their price objective on FirstCash from $51.00 to $62.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. FirstCash has a consensus rating of “Hold” and a consensus target price of $64.57.

FirstCash Company Profile

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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

Leave a Reply