Mutual of America Capital Management LLC Sells 309 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Mutual of America Capital Management LLC cut its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,041 shares of the company’s stock after selling 309 shares during the period. Mutual of America Capital Management LLC’s holdings in FirstCash were worth $2,416,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in FirstCash in the 2nd quarter valued at $54,000. CWM LLC increased its stake in FirstCash by 157.5% in the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after acquiring an additional 348 shares during the period. GAMMA Investing LLC raised its position in FirstCash by 28.9% in the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after purchasing an additional 202 shares in the last quarter. Quarry LP lifted its stake in FirstCash by 511.1% during the second quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after purchasing an additional 920 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in FirstCash by 220.3% during the first quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock valued at $124,000 after purchasing an additional 672 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 7,316 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.98, for a total value of $877,773.68. Following the transaction, the director now directly owns 4,735,843 shares in the company, valued at $568,206,443.14. This trade represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,154 shares of company stock valued at $1,909,562. Insiders own 14.77% of the company’s stock.

FirstCash Stock Performance

NASDAQ:FCFS opened at $104.40 on Friday. The stock has a market capitalization of $4.67 billion, a P/E ratio of 19.33 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a 1 year low of $101.62 and a 1 year high of $133.64. The firm has a 50 day moving average of $110.80 and a 200-day moving average of $112.25.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, November 15th. FirstCash’s payout ratio is presently 28.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FCFS shares. TD Cowen dropped their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 28th. Stephens began coverage on FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company.

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.