Jane Street Group LLC Lowers Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Jane Street Group LLC cut its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 61.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,404 shares of the company’s stock after selling 28,835 shares during the quarter. Jane Street Group LLC’s holdings in FirstCash were worth $1,907,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FCFS. Barclays PLC lifted its stake in FirstCash by 163.8% in the third quarter. Barclays PLC now owns 81,807 shares of the company’s stock worth $9,391,000 after acquiring an additional 50,799 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in FirstCash by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,129 shares of the company’s stock worth $359,000 after purchasing an additional 412 shares in the last quarter. Park Avenue Securities LLC raised its holdings in FirstCash by 15.5% in the fourth quarter. Park Avenue Securities LLC now owns 2,039 shares of the company’s stock worth $211,000 after purchasing an additional 273 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in FirstCash by 2.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock worth $476,000 after purchasing an additional 105 shares in the last quarter. Finally, Annex Advisory Services LLC raised its holdings in FirstCash by 25.3% in the fourth quarter. Annex Advisory Services LLC now owns 24,638 shares of the company’s stock worth $2,553,000 after purchasing an additional 4,981 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Stock Performance

FCFS opened at $126.69 on Friday. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $135.57. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The company has a market cap of $5.62 billion, a P/E ratio of 22.11 and a beta of 0.63. The firm’s 50-day moving average price is $123.80 and its 200-day moving average price is $114.24.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The firm had revenue of $836.42 million for the quarter, compared to the consensus estimate of $837.11 million. During the same quarter in the prior year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.20%. FirstCash’s dividend payout ratio (DPR) is currently 24.32%.

Analyst Ratings Changes

A number of brokerages have commented on FCFS. Stephens reiterated an “overweight” rating and issued a $137.00 target price on shares of FirstCash in a report on Wednesday, February 19th. StockNews.com upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a report on Friday, May 2nd.

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.