ProShare Advisors LLC decreased its holdings in shares of FirstCash Inc (NASDAQ:FCFS) by 25.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,915 shares of the credit services provider’s stock after selling 1,687 shares during the period. ProShare Advisors LLC’s holdings in FirstCash were worth $287,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in FCFS. UBS Asset Management Americas Inc. boosted its position in shares of FirstCash by 37.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 28,902 shares of the credit services provider’s stock valued at $1,421,000 after purchasing an additional 7,810 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of FirstCash during the 1st quarter valued at about $569,000. Ameritas Investment Partners Inc. bought a new stake in shares of FirstCash during the 1st quarter valued at about $202,000. Mason Street Advisors LLC boosted its position in shares of FirstCash by 6.5% during the 1st quarter. Mason Street Advisors LLC now owns 11,292 shares of the credit services provider’s stock valued at $555,000 after purchasing an additional 692 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of FirstCash during the 1st quarter valued at about $232,000.
Shares of FirstCash Inc (NASDAQ FCFS) opened at 61.30 on Thursday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 33.19 and a beta of 0.90. FirstCash Inc has a 52 week low of $39.80 and a 52 week high of $63.60. The stock has a 50 day moving average price of $60.34 and a 200 day moving average price of $56.11.
FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The firm had revenue of $416.60 million for the quarter, compared to analysts’ expectations of $410.65 million. During the same period in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 128.9% compared to the same quarter last year. On average, equities research analysts expect that FirstCash Inc will post $2.65 EPS for the current year.
Several equities research analysts recently commented on FCFS shares. BidaskClub lowered FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. JMP Securities upped their target price on FirstCash and gave the company an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research lowered FirstCash from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Wedbush upped their target price on FirstCash from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, October 5th. Finally, Jefferies Group LLC set a $69.00 target price on FirstCash and gave the company a “buy” rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. FirstCash presently has an average rating of “Hold” and an average target price of $64.57.
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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