R Squared Ltd Makes New $92,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

R Squared Ltd acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 890 shares of the company’s stock, valued at approximately $92,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in FirstCash in the 2nd quarter valued at about $54,000. CWM LLC increased its stake in shares of FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after buying an additional 348 shares during the period. GAMMA Investing LLC raised its holdings in FirstCash by 28.9% in the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after acquiring an additional 202 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in FirstCash in the third quarter worth approximately $133,000. Finally, KBC Group NV grew its holdings in FirstCash by 20.5% during the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $138,000 after acquiring an additional 205 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Stock Up 0.4 %

FCFS stock opened at $112.42 on Friday. The stock has a market cap of $5.03 billion, a P/E ratio of 20.82 and a beta of 0.66. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64. The company’s 50 day moving average is $107.07 and its two-hundred day moving average is $110.77.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. Research analysts expect that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FCFS. TD Cowen reduced their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stephens initiated coverage on FirstCash in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price target on the stock.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.