FirstCash Inc (FCFS) Shares Sold by Northpointe Capital LLC
Northpointe Capital LLC lessened its stake in shares of FirstCash Inc (NYSE:FCFS) by 8.4% in the 4th quarter, Holdings Channel reports. The firm owned 124,821 shares of the credit services provider’s stock after selling 11,463 shares during the period. FirstCash accounts for 0.9% of Northpointe Capital LLC’s investment portfolio, making the stock its 29th largest holding. Northpointe Capital LLC’s holdings in FirstCash were worth $8,419,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FCFS. Zions Bancorporation acquired a new position in shares of FirstCash during the 3rd quarter worth about $230,000. Insight Capital Research & Management Inc. acquired a new stake in FirstCash in the 3rd quarter valued at about $913,000. Strs Ohio raised its holdings in FirstCash by 330.2% in the 4th quarter. Strs Ohio now owns 18,500 shares of the credit services provider’s stock valued at $1,247,000 after acquiring an additional 14,200 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in FirstCash by 5.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,304 shares of the credit services provider’s stock valued at $1,370,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in FirstCash in the 3rd quarter valued at about $1,736,000. Hedge funds and other institutional investors own 95.61% of the company’s stock.
FirstCash Inc (FCFS) traded up $0.40 during mid-day trading on Tuesday, reaching $71.65. 105,100 shares of the company’s stock were exchanged, compared to its average volume of 200,357. The firm has a market cap of $3,362.05, a P/E ratio of 30.62 and a beta of 0.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.30 and a current ratio of 6.57. FirstCash Inc has a 12 month low of $39.80 and a 12 month high of $71.65.
A number of analysts have commented on FCFS shares. Zacks Investment Research downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub upgraded shares of FirstCash from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Credit Suisse Group started coverage on shares of FirstCash in a report on Wednesday, October 4th. They issued an “outperform” rating and a $73.00 price objective for the company. Wedbush increased their price objective on shares of FirstCash from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, October 5th. Finally, Jefferies Group reiterated a “buy” rating and issued a $73.00 price objective on shares of FirstCash in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.43.
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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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