Cwm LLC Grows Stock Holdings in FirstCash Holdings, Inc. $FCFS

Cwm LLC raised its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 477.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,986 shares of the company’s stock after acquiring an additional 2,469 shares during the quarter. Cwm LLC’s holdings in FirstCash were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FCFS. IFP Advisors Inc increased its position in shares of FirstCash by 181.6% during the second quarter. IFP Advisors Inc now owns 290 shares of the company’s stock valued at $39,000 after buying an additional 187 shares during the period. CX Institutional increased its position in shares of FirstCash by 24.7% during the second quarter. CX Institutional now owns 434 shares of the company’s stock valued at $59,000 after buying an additional 86 shares during the period. State of Wyoming purchased a new position in shares of FirstCash during the first quarter valued at about $65,000. Brooklyn Investment Group increased its position in shares of FirstCash by 7,233.3% during the first quarter. Brooklyn Investment Group now owns 660 shares of the company’s stock valued at $79,000 after buying an additional 651 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of FirstCash during the second quarter valued at about $127,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on FCFS. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Cowen reiterated a “buy” rating on shares of FirstCash in a research report on Monday, August 18th. Wall Street Zen upgraded shares of FirstCash from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Canaccord Genuity Group restated a “buy” rating and issued a $200.00 price objective on shares of FirstCash in a report on Monday, October 6th. Finally, Capital One Financial set a $160.00 price objective on shares of FirstCash in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $154.40.

Insider Transactions at FirstCash

In other news, CEO Rick L. Wessel sold 69,024 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $138.49, for a total value of $9,559,133.76. Following the transaction, the chief executive officer owned 932,958 shares in the company, valued at approximately $129,205,353.42. This represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $159.64, for a total transaction of $638,560.00. Following the completion of the transaction, the chief financial officer owned 93,567 shares in the company, valued at approximately $14,937,035.88. This represents a 4.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,000 shares of company stock worth $16,690,723. Corporate insiders own 2.93% of the company’s stock.

FirstCash Trading Down 0.4%

Shares of NASDAQ FCFS opened at $154.13 on Friday. The firm’s 50 day moving average price is $150.09 and its 200-day moving average price is $136.95. The company has a market cap of $6.84 billion, a PE ratio of 23.68 and a beta of 0.69. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $163.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21.

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

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.