Future Fund LLC Has $2.37 Million Stake in FirstCash Holdings, Inc. $FCFS

Future Fund LLC grew its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 42.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,865 shares of the company’s stock after acquiring an additional 4,451 shares during the period. Future Fund LLC’s holdings in FirstCash were worth $2,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FCFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of FirstCash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock valued at $2,761,000 after buying an additional 1,021 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of FirstCash by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock valued at $46,866,000 after buying an additional 34,364 shares during the last quarter. Jane Street Group LLC lifted its position in shares of FirstCash by 237.2% in the first quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock valued at $7,467,000 after buying an additional 43,653 shares during the last quarter. American Century Companies Inc. lifted its position in shares of FirstCash by 4.9% in the second quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock valued at $1,917,000 after buying an additional 666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of FirstCash by 67.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock valued at $2,821,000 after buying an additional 8,402 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FirstCash news, Director Paula K. Garrett sold 1,500 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $217.40, for a total transaction of $326,100.00. Following the transaction, the director owned 6,564 shares in the company, valued at $1,427,013.60. This trade represents a 18.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $227.29, for a total value of $454,580.00. Following the transaction, the chief financial officer owned 35,734 shares in the company, valued at approximately $8,121,980.86. This trade represents a 5.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,500 shares of company stock worth $3,972,130 in the last quarter. Insiders own 2.86% of the company’s stock.

FirstCash Price Performance

Shares of NASDAQ FCFS opened at $219.91 on Friday. The firm has a market cap of $9.64 billion, a P/E ratio of 27.56 and a beta of 0.52. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. FirstCash Holdings, Inc. has a 1-year low of $119.21 and a 1-year high of $235.97. The business’s 50 day moving average is $210.94 and its 200-day moving average is $184.69.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.07 earnings per share. Equities research analysts predict that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, May 15th. FirstCash’s dividend payout ratio (DPR) is 21.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. TD Cowen increased their target price on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Canaccord Genuity Group increased their target price on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Finally, Zacks Research upgraded FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $198.00.

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.