Teachers Retirement System of The State of Kentucky lessened its holdings in shares of FirstCash Inc (NYSE:FCFS) by 3.9% in the 3rd quarter, Holdings Channel reports. The firm owned 14,967 shares of the credit services provider’s stock after selling 600 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in FirstCash were worth $1,227,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of FCFS. Stone Ridge Asset Management LLC increased its holdings in FirstCash by 49.9% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 10,424 shares of the credit services provider’s stock valued at $855,000 after purchasing an additional 3,471 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in FirstCash by 4.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 83,682 shares of the credit services provider’s stock valued at $6,847,000 after purchasing an additional 3,916 shares during the last quarter. Dupont Capital Management Corp increased its holdings in FirstCash by 174.1% in the 3rd quarter. Dupont Capital Management Corp now owns 11,946 shares of the credit services provider’s stock valued at $980,000 after purchasing an additional 7,587 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in FirstCash by 87.3% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,816 shares of the credit services provider’s stock valued at $723,000 after purchasing an additional 4,110 shares during the last quarter. Finally, USA Financial Portformulas Corp grew its stake in shares of FirstCash by 52.8% in the third quarter. USA Financial Portformulas Corp now owns 6,067 shares of the credit services provider’s stock worth $545,000 after acquiring an additional 2,096 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.
Several equities analysts have commented on FCFS shares. ValuEngine downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Zacks Investment Research downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Wedbush upgraded shares of FirstCash from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Friday, October 26th. Finally, Barclays started coverage on shares of FirstCash in a research note on Wednesday, September 26th. They issued an “overweight” rating and a $95.00 price target for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. FirstCash has a consensus rating of “Buy” and an average target price of $93.17.
FirstCash stock opened at $88.29 on Friday. FirstCash Inc has a 12-month low of $65.55 and a 12-month high of $95.40.
FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, October 25th. The credit services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.01. The firm had revenue of $429.88 million for the quarter, compared to analysts’ expectations of $440.46 million.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.25 per share. This is a boost from FirstCash’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, November 14th.
FirstCash announced that its board has initiated a stock buyback program on Thursday, October 25th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the credit services provider to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
Recommended Story: Stop Order Uses For Individual Investors
Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash Inc (NYSE:FCFS).
Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.