CWA Asset Management Group LLC Sells 951 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

CWA Asset Management Group LLC cut its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,774 shares of the company’s stock after selling 951 shares during the quarter. CWA Asset Management Group LLC’s holdings in FirstCash were worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in FirstCash during the second quarter valued at about $54,000. CWM LLC increased its position in shares of FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 202 shares in the last quarter. Quarry LP lifted its position in FirstCash by 511.1% in the second quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after purchasing an additional 920 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in FirstCash during the third quarter worth $133,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was 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 directly owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 14.77% of the company’s stock.

FirstCash Stock Up 0.8 %

NASDAQ FCFS opened at $104.07 on Tuesday. The stock has a market capitalization of $4.66 billion, a P/E ratio of 19.27 and a beta of 0.66. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. The stock has a fifty day moving average of $105.75 and a 200-day moving average of $110.05.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The firm had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. During the same period last year, the company earned $1.56 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.6 EPS for the current year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.38 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.46%. FirstCash’s payout ratio is presently 28.15%.

Analyst Ratings Changes

FCFS has been the topic of several recent research reports. Stephens began coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price on the stock. TD Cowen lowered their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th.

About FirstCash

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.