Geode Capital Management LLC Purchases 1,580 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Geode Capital Management LLC increased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 952,201 shares of the company’s stock after acquiring an additional 1,580 shares during the quarter. Geode Capital Management LLC’s holdings in FirstCash were worth $98,669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Parkside Financial Bank & Trust raised its stake in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after purchasing an additional 94 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in FirstCash by 2.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock valued at $476,000 after purchasing an additional 105 shares in the last quarter. Sanctuary Advisors LLC raised its stake in FirstCash by 1.8% in the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock valued at $826,000 after purchasing an additional 127 shares in the last quarter. J.Safra Asset Management Corp raised its stake in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after purchasing an additional 127 shares in the last quarter. Finally, EntryPoint Capital LLC raised its stake in shares of FirstCash by 6.6% during the fourth quarter. EntryPoint Capital LLC now owns 2,319 shares of the company’s stock worth $240,000 after acquiring an additional 143 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Stephens reissued an “overweight” rating and set a $137.00 price target on shares of FirstCash in a research note on Wednesday, February 19th.

FirstCash Trading Up 1.9 %

FCFS stock opened at $120.19 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The company’s 50 day moving average price is $116.34 and its two-hundred day moving average price is $111.21. The company has a market capitalization of $5.38 billion, a PE ratio of 20.98 and a beta of 0.58.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s payout ratio is 26.53%.

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.