Eukles Asset Management reduced its position in FirstCash Inc (NYSE:FCFS) by 33.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,885 shares of the credit services provider’s stock after selling 1,462 shares during the period. Eukles Asset Management’s holdings in FirstCash were worth $289,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in FCFS. BlackRock Inc. raised its position in shares of FirstCash by 0.8% in the 1st quarter. BlackRock Inc. now owns 6,373,947 shares of the credit services provider’s stock valued at $551,346,000 after purchasing an additional 53,127 shares during the last quarter. FMR LLC raised its position in shares of FirstCash by 55.5% in the 1st quarter. FMR LLC now owns 2,719,587 shares of the credit services provider’s stock valued at $235,244,000 after purchasing an additional 970,130 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of FirstCash by 4.9% in the 1st quarter. Eagle Asset Management Inc. now owns 821,805 shares of the credit services provider’s stock valued at $71,086,000 after purchasing an additional 38,749 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of FirstCash by 15.6% in the 1st quarter. Victory Capital Management Inc. now owns 801,893 shares of the credit services provider’s stock valued at $69,363,000 after purchasing an additional 108,425 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its position in shares of FirstCash by 13.8% in the 2nd quarter. Stephens Investment Management Group LLC now owns 711,120 shares of the credit services provider’s stock valued at $71,126,000 after purchasing an additional 86,312 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.
In other FirstCash news, 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 transaction of $254,575.00. Following the completion of the transaction, the chief financial officer now directly owns 135,000 shares of the company’s stock, valued at approximately $13,747,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.83% of the company’s stock.
FCFS traded up $0.56 during trading on Thursday, reaching $98.31. 2,179 shares of the company’s stock were exchanged, compared to its average volume of 205,458. FirstCash Inc has a 1 year low of $66.28 and a 1 year high of $106.80. The stock has a fifty day moving average of $101.55.
FirstCash (NYSE:FCFS) last posted its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $446.00 million for the quarter, compared to analysts’ expectations of $435.50 million. During the same period in the prior year, the business posted $0.70 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, August 14th.
Several equities analysts recently commented on FCFS shares. JMP Securities increased their price objective on shares of FirstCash from $95.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, April 25th. Zacks Investment Research raised shares of FirstCash from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Jefferies Financial Group raised their price target on shares of FirstCash from $107.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Finally, Barclays lowered shares of FirstCash from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $106.00.
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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