Los Angeles Capital Management LLC Buys New Position in FirstCash, Inc. (NASDAQ:FCFS)

Los Angeles Capital Management LLC bought a new stake in FirstCash, Inc. (NASDAQ:FCFS) during the third quarter, Holdings Channel.com reports. The fund bought 4,621 shares of the company’s stock, valued at approximately $404,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP raised its stake in shares of FirstCash by 37.9% during the first quarter. First Trust Advisors LP now owns 39,006 shares of the company’s stock worth $3,374,000 after acquiring an additional 10,714 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of FirstCash by 10.0% during the second quarter. Advisor Group Holdings Inc. now owns 7,365 shares of the company’s stock worth $563,000 after acquiring an additional 668 shares in the last quarter. American Century Companies Inc. raised its stake in shares of FirstCash by 22.1% during the second quarter. American Century Companies Inc. now owns 5,536 shares of the company’s stock worth $423,000 after acquiring an additional 1,003 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of FirstCash by 1.0% during the second quarter. HighTower Advisors LLC now owns 12,526 shares of the company’s stock worth $952,000 after acquiring an additional 122 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of FirstCash by 20.1% during the second 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 in the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

FCFS has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of FirstCash in a research note on Tuesday, December 21st. They set a “buy” rating on the stock. TheStreet downgraded shares of FirstCash from a “b-” rating to a “c+” rating in a research note on Wednesday, November 24th. Finally, Barclays lifted their target price on shares of FirstCash from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 26th. 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 currently has a consensus rating of “Hold” and an average target price of $94.00.

Shares of NASDAQ FCFS opened at $73.85 on Friday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 23.59 and a beta of 0.87. The firm’s fifty day moving average is $69.98 and its 200 day moving average is $79.18. FirstCash, Inc. has a 52 week low of $54.85 and a 52 week high of $97.04. The company has a quick ratio of 2.04, a current ratio of 3.17 and a debt-to-equity ratio of 0.38.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Tuesday, October 19th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $399.70 million for the quarter, compared to analysts’ expectations of $406.75 million. FirstCash had a net margin of 8.07% and a return on equity of 10.27%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share. Equities research analysts anticipate that FirstCash, Inc. will post 3.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 30th. Investors of record on Monday, November 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, November 12th. FirstCash’s dividend payout ratio (DPR) is currently 38.34%.

FirstCash Company Profile

FirstCash Holdings, Inc operates retail pawn stores in the United States and Latin America. 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.

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Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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