Mutual of America Capital Management LLC Decreases Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Mutual of America Capital Management LLC trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,892 shares of the company’s stock after selling 1,189 shares during the quarter. Mutual of America Capital Management LLC’s holdings in FirstCash were worth $2,481,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FCFS. Lazard Asset Management LLC purchased a new stake in FirstCash during the second quarter worth $28,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of FirstCash by 86.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock worth $44,000 after acquiring an additional 205 shares during the last quarter. Covestor Ltd raised its holdings in shares of FirstCash by 87.3% in the first quarter. Covestor Ltd now owns 691 shares of the company’s stock worth $49,000 after acquiring an additional 322 shares during the last quarter. Headinvest LLC acquired a new position in shares of FirstCash in the third quarter worth $50,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of FirstCash in the second quarter worth $54,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stephens boosted their price target on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $145.00 in a report on Wednesday, April 10th.

FirstCash Stock Performance

NASDAQ FCFS opened at $130.41 on Friday. FirstCash Holdings, Inc. has a fifty-two week low of $88.05 and a fifty-two week high of $133.46. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 27.17 and a beta of 0.62. The business has a fifty day moving average of $121.52 and a 200-day moving average of $113.81. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.80.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, February 1st. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.79 by $0.25. The firm had revenue of $852.13 million during the quarter, compared to analyst estimates of $859.23 million. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 earnings per share. As a group, analysts predict that FirstCash Holdings, Inc. will post 6.93 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.40 annualized dividend and a yield of 1.07%. FirstCash’s payout ratio is currently 29.17%.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 21,852 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total value of $2,620,054.80. Following the completion of the transaction, the director now directly owns 5,502,761 shares in the company, valued at $659,781,043.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the sale, the chief financial officer now directly owns 94,715 shares in the company, valued at $11,010,618.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 21,852 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total value of $2,620,054.80. Following the sale, the director now owns 5,502,761 shares of the company’s stock, valued at $659,781,043.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 329,984 shares of company stock worth $38,850,386. 18.08% of the stock is currently owned by insiders.

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.