Y Intercept Hong Kong Ltd Has $437,000 Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Y Intercept Hong Kong Ltd reduced its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 80.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,806 shares of the company’s stock after selling 15,826 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in FirstCash were worth $437,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FCFS. CWA Asset Management Group LLC bought a new position in shares of FirstCash during the 3rd quarter worth about $1,576,000. Advantage Alpha Capital Partners LP acquired a new position in FirstCash during the 3rd quarter worth approximately $3,707,000. Natixis Advisors LLC boosted its holdings in FirstCash by 174.3% in the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after acquiring an additional 101,130 shares in the last quarter. Seven Eight Capital LP acquired a new stake in FirstCash in the second quarter valued at approximately $1,882,000. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of FirstCash by 163,545.2% during the second quarter. Cubist Systematic Strategies LLC now owns 50,730 shares of the company’s stock valued at $5,321,000 after acquiring an additional 50,699 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

FirstCash Trading Down 0.8 %

Shares of FirstCash stock opened at $105.50 on Tuesday. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $108.18 and a 200 day simple moving average of $111.01. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64. The company has a market capitalization of $4.72 billion, a P/E ratio of 19.54 and a beta of 0.65.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same quarter in the prior year, the company posted $1.56 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 dividend yield of 1.44%. FirstCash’s payout ratio is presently 28.15%.

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.