FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,304 shares of the company’s stock after acquiring an additional 160 shares during the quarter. Exchange Traded Concepts LLC’s holdings in FirstCash were worth $653,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FCFS. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FirstCash in the second quarter valued at approximately $54,000. CWM LLC boosted its stake in FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after buying an additional 348 shares during the last quarter. GAMMA Investing LLC grew its holdings in FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after buying an additional 202 shares in the last quarter. Quarry LP increased its stake in shares of FirstCash by 511.1% in the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after acquiring an additional 920 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of FirstCash during the 3rd quarter worth $133,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Trading Up 0.3 %

NASDAQ FCFS opened at $111.94 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The stock has a market capitalization of $5.01 billion, a P/E ratio of 20.73 and a beta of 0.66. The firm’s 50-day moving average is $106.93 and its two-hundred day moving average is $110.77. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64.

Analysts Set New Price Targets

A number of equities analysts have commented on FCFS shares. TD Cowen reduced their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stephens assumed coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target on the stock.

Insider Transactions at FirstCash

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

FirstCash Company Profile

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.