Landscape Capital Management L.L.C. Acquires 14,387 Shares of FirstCash Holdings, Inc. $FCFS

Landscape Capital Management L.L.C. grew its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 48.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,188 shares of the company’s stock after buying an additional 14,387 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in FirstCash were worth $7,000,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of FirstCash in the 3rd quarter worth about $25,000. Rothschild Investment LLC increased its holdings in FirstCash by 127.8% during the 3rd quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after purchasing an additional 101 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of FirstCash by 70.5% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of FirstCash by 262.5% in the third quarter. Jones Financial Companies Lllp now owns 377 shares of the company’s stock valued at $58,000 after purchasing an additional 273 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of FirstCash by 130.7% in the third quarter. Covestor Ltd now owns 413 shares of the company’s stock valued at $65,000 after purchasing an additional 234 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Insider Activity at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 4,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $185.12, for a total value of $740,480.00. Following the transaction, the insider directly owned 35,406 shares in the company, valued at $6,554,358.72. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R Douglas Orr sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $175.37, for a total transaction of $701,480.00. Following the transaction, the chief financial officer directly owned 111,289 shares of the company’s stock, valued at $19,516,751.93. This represents a 3.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 30,500 shares of company stock worth $5,438,945. 2.93% of the stock is owned by company insiders.

FirstCash Stock Performance

Shares of FCFS traded up $1.25 on Friday, reaching $192.20. 14,289 shares of the company’s stock traded hands, compared to its average volume of 276,636. The stock’s 50 day simple moving average is $177.81 and its two-hundred day simple moving average is $163.03. The stock has a market cap of $8.45 billion, a PE ratio of 25.90 and a beta of 0.46. FirstCash Holdings, Inc. has a 52-week low of $113.32 and a 52-week high of $199.60. The company has a current ratio of 4.55, a quick ratio of 3.36 and a debt-to-equity ratio of 0.97.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, February 5th. The company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.10. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm earned $2.12 earnings per share. The business’s revenue was up 19.8% on a year-over-year basis. On average, analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 18th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, February 18th. This represents a $1.68 annualized dividend and a yield of 0.9%. FirstCash’s dividend payout ratio is presently 22.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FCFS shares. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Canaccord Genuity Group set a $217.00 target price on shares of FirstCash in a research note on Friday, February 6th. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of FirstCash in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

FirstCash Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.