Odyssean LLC Makes New $483,000 Investment in FirstCash Holdings, Inc. $FCFS

Odyssean LLC acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, Holdings Channel reports. The firm acquired 2,234 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds have also made changes to their positions in FCFS. BlackRock Inc. acquired a new position in shares of FirstCash during the 2nd quarter valued at $1,088,429,000. Bank of New York Mellon Corp purchased a new stake in FirstCash during the 2nd quarter worth $69,779,000. JPMorgan Chase & Co. increased its holdings in FirstCash by 133.8% in the 4th quarter. JPMorgan Chase & Co. now owns 562,104 shares of the company’s stock valued at $89,588,000 after purchasing an additional 321,663 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in FirstCash by 36.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock valued at $186,361,000 after purchasing an additional 312,132 shares in the last quarter. Finally, Atlas FRM LLC acquired a new stake in FirstCash in the 2nd quarter valued at $58,406,400,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $216.00, for a total value of $432,000.00. Following the completion of the transaction, the chief financial officer owned 34,734 shares of the company’s stock, valued at approximately $7,502,544. This represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total value of $1,539,447.05. Following the sale, the senior vice president owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 17,183 shares of company stock worth $3,761,228. Company insiders own 2.86% of the company’s stock.

FirstCash Stock Performance

FirstCash stock opened at $224.07 on Friday. FirstCash Holdings, Inc. has a 12-month low of $144.56 and a 12-month high of $238.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 25.58 and a beta of 0.53. The firm’s fifty day moving average price is $214.37 and its 200 day moving average price is $208.62.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. On average, research analysts forecast that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.42 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. FirstCash’s payout ratio is 19.18%.

Analyst Ratings Changes

A number of brokerages have commented on FCFS. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective on the stock in a research note on Monday, August 10th. Weiss Ratings lowered FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. TD Cowen boosted their price target on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, FirstCash presently has an average rating of “Moderate Buy” and an average price target of $249.00.

FirstCash Company 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.