Knights of Columbus Asset Advisors LLC Cuts Stock Holdings in FirstCash Holdings, Inc. $FCFS

Knights of Columbus Asset Advisors LLC lowered its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,899 shares of the company’s stock after selling 392 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in FirstCash were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. 111 Capital purchased a new stake in shares of FirstCash during the second quarter worth $360,000. Ascent Group LLC purchased a new stake in shares of FirstCash during the second quarter worth $226,000. Hilltop National Bank purchased a new position in FirstCash in the second quarter valued at $127,000. CX Institutional raised its stake in FirstCash by 24.7% in the second quarter. CX Institutional now owns 434 shares of the company’s stock valued at $59,000 after buying an additional 86 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in FirstCash by 2.3% in the second quarter. Public Employees Retirement System of Ohio now owns 38,388 shares of the company’s stock valued at $5,188,000 after buying an additional 879 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Transactions at FirstCash

In other news, Director James H. Graves sold 6,000 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $134.56, for a total transaction of $807,360.00. Following the completion of the sale, the director owned 15,846 shares in the company, valued at approximately $2,132,237.76. This represents a 27.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 2,500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $146.40, for a total transaction of $366,000.00. Following the sale, the chief financial officer owned 41,734 shares of the company’s stock, valued at $6,109,857.60. This trade represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,500 shares of company stock worth $15,493,610. Company insiders own 14.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Cowen reaffirmed a “buy” rating on shares of FirstCash in a research report on Monday, August 18th. Wall Street Zen raised FirstCash from a “hold” rating to a “buy” rating in a research report on Saturday. Loop Capital cut FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Friday, September 5th. Jefferies Financial Group raised FirstCash to a “strong-buy” rating in a research report on Monday, August 18th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of FirstCash in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, FirstCash presently has an average rating of “Buy” and an average price target of $154.40.

FirstCash Stock Performance

NASDAQ FCFS opened at $154.90 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $158.93. The company has a market capitalization of $6.87 billion, a PE ratio of 23.79 and a beta of 0.69. The company has a fifty day moving average of $144.13 and a two-hundred day moving average of $133.62.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.13. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The company had revenue of $830.62 million during the quarter, compared to the consensus estimate of $820.42 million. During the same quarter in the prior year, the firm posted $1.37 earnings per share. FirstCash’s revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.42 dividend. This is a boost from FirstCash’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. FirstCash’s payout ratio is currently 25.81%.

FirstCash 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.