Sequoia Financial Advisors LLC Buys New Shares in FirstCash Holdings, Inc. $FCFS

Sequoia Financial Advisors LLC purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,484 shares of the company’s stock, valued at approximately $336,000.

A number of other institutional investors have also recently bought and sold shares of FCFS. Nuveen LLC acquired a new position in FirstCash during the first quarter worth approximately $55,340,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in FirstCash by 1,350.3% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 250,900 shares of the company’s stock worth $33,907,000 after buying an additional 233,600 shares during the last quarter. Stephens Investment Management Group LLC increased its position in FirstCash by 14.5% during the first quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company’s stock worth $106,945,000 after buying an additional 112,349 shares during the last quarter. Millennium Management LLC increased its position in FirstCash by 51.1% during the first quarter. Millennium Management LLC now owns 293,750 shares of the company’s stock worth $35,344,000 after buying an additional 99,361 shares during the last quarter. Finally, Heartland Advisors Inc. increased its position in FirstCash by 525.6% during the first quarter. Heartland Advisors Inc. now owns 67,147 shares of the company’s stock worth $8,079,000 after buying an additional 56,414 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analysts Set New Price Targets

FCFS has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded FirstCash to a “strong-buy” rating in a report on Monday, August 18th. Wall Street Zen upgraded FirstCash from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Capital One Financial set a $160.00 price objective on FirstCash in a report on Tuesday, August 5th. Cowen restated a “buy” rating on shares of FirstCash in a report on Monday, August 18th. Finally, Loop Capital cut FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, FirstCash currently has an average rating of “Buy” and a consensus price target of $154.40.

FirstCash Stock Down 3.2%

NASDAQ FCFS opened at $153.38 on Wednesday. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $163.01. The company has a 50 day moving average of $149.12 and a 200-day moving average of $136.20. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 23.56 and a beta of 0.69.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.13. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The firm had revenue of $830.62 million during the quarter, compared to analysts’ expectations of $820.42 million. During the same period in the prior year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FirstCash news, Director James H. Graves sold 6,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $134.56, for a total transaction of $807,360.00. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick L. Wessel sold 30,976 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $139.33, for a total value of $4,315,886.08. Following the sale, the chief executive officer owned 901,982 shares of the company’s stock, valued at $125,673,152.06. The trade was a 3.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,000 shares of company stock worth $16,690,723 over the last three months. Insiders own 14.77% of the company’s stock.

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.