Trade Report: Today, Quantbot Technologies LP Raises Stake in FirstCash Inc (FCFS)

Today, Quantbot Technologies LP Raises Stake in FirstCash Inc (FCFS)

Quantbot Technologies LP increased its position in FirstCash Inc (NASDAQ:FCFS) by 77.0% during the third quarter, Holdings Channel reports. The firm owned 3,053 shares of the company’s stock after buying an additional 1,328 shares during the period. Quantbot Technologies LP’s holdings in FirstCash were worth $143,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FCFS. Royal Bank of Canada boosted its stake in FirstCash by 3.0% in the second quarter. Royal Bank of Canada now owns 625,689 shares of the company’s stock worth $32,117,000 after buying an additional 18,200 shares during the period. Teacher Retirement System of Texas boosted its stake in FirstCash by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 3,889 shares of the company’s stock worth $200,000 after buying an additional 469 shares during the period. BlackRock Advisors LLC boosted its stake in FirstCash by 1,481.0% in the second quarter. BlackRock Advisors LLC now owns 209,331 shares of the company’s stock worth $10,745,000 after buying an additional 196,091 shares during the period. Ameriprise Financial Inc. boosted its stake in FirstCash by 3.4% in the second quarter. Ameriprise Financial Inc. now owns 140,096 shares of the company’s stock worth $7,191,000 after buying an additional 4,621 shares during the period. Finally, Mason Street Advisors LLC bought a new stake in FirstCash during the second quarter worth approximately $283,000.

Shares of FirstCash Inc (NASDAQ:FCFS) remained flat at $47.80 during midday trading on Friday. 80,836 shares of the company’s stock were exchanged. The stock has a market cap of $2.32 billion, a PE ratio of 33.26 and a beta of 0.90. The stock’s 50 day moving average is $47.25 and its 200 day moving average is $48.41. FirstCash Inc has a one year low of $29.64 and a one year high of $53.95.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. The firm had revenue of $261.15 million for the quarter, compared to analysts’ expectations of $280.38 million. During the same quarter in the previous year, the company earned $0.40 EPS. The company’s quarterly revenue was up 54.1% compared to the same quarter last year. On average, equities analysts anticipate that FirstCash Inc will post $2.41 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $0.76 annualized dividend and a yield of 1.59%. This is a boost from FirstCash’s previous quarterly dividend of $0.13. FirstCash’s dividend payout ratio (DPR) is currently 25.38%.

A number of equities research analysts recently commented on FCFS shares. Jefferies Group reaffirmed a “buy” rating and issued a $60.00 price target on shares of FirstCash in a report on Friday, September 2nd. Janney Montgomery Scott raised shares of FirstCash from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $59.00 in a report on Monday, October 3rd. Wedbush started coverage on shares of FirstCash in a report on Monday, October 10th. They issued an “outperform” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of FirstCash from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, September 8th. Finally, JMP Securities raised shares of FirstCash from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a report on Thursday, October 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. FirstCash presently has a consensus rating of “Buy” and an average price target of $53.63.

About FirstCash

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Mexico. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. Its pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers.

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