Bessemer Group Inc. Has $41.75 Million Position in FirstCash Holdings, Inc. $FCFS

Bessemer Group Inc. boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 308,929 shares of the company’s stock after purchasing an additional 12,990 shares during the quarter. Bessemer Group Inc. owned about 0.70% of FirstCash worth $41,749,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in FirstCash by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 132,236 shares of the company’s stock valued at $15,911,000 after purchasing an additional 1,629 shares during the period. Sequoia Financial Advisors LLC purchased a new position in FirstCash during the 2nd quarter worth $336,000. Freedom Day Solutions LLC purchased a new position in FirstCash during the 1st quarter worth $1,524,000. Wealth Enhancement Advisory Services LLC boosted its holdings in FirstCash by 8.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,429 shares of the company’s stock worth $413,000 after acquiring an additional 265 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in FirstCash during the 1st quarter worth $283,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 4,000 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $159.64, for a total value of $638,560.00. Following the transaction, the chief financial officer directly owned 93,567 shares of the company’s stock, valued at approximately $14,937,035.88. The trade was a 4.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Graves sold 6,000 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $134.56, for a total value of $807,360.00. Following the completion of the sale, the director owned 15,846 shares in the company, valued at $2,132,237.76. This represents a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,000 shares of company stock valued at $16,690,723. 14.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FCFS has been the topic of a number of analyst reports. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a report on Monday, August 18th. Capital One Financial set a $160.00 price objective on shares of FirstCash in a report on Tuesday, August 5th. Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Wall Street Zen raised shares of FirstCash from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Cowen reaffirmed a “buy” rating on shares of FirstCash in a report on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $160.50.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $150.74 on Tuesday. The company’s 50-day moving average is $150.34 and its 200 day moving average is $137.28. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21. The company has a market capitalization of $6.69 billion, a P/E ratio of 23.16 and a beta of 0.69. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $163.01.

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.