Trading Report: The Mason Street Advisors LLC Acquires Shares of 5,521 First Cash Financial Services Inc. (FCFS)

The Mason Street Advisors LLC Acquires Shares of 5,521 First Cash Financial Services Inc. (FCFS)

Mason Street Advisors LLC bought a new stake in shares of First Cash Financial Services Inc. (NASDAQ:FCFS) during the second quarter, Holdings Channel reports. The firm bought 5,521 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in First Cash Financial Services by 12.6% in the second quarter. BlackRock Inc. now owns 2,281 shares of the company’s stock valued at $117,000 after buying an additional 255 shares in the last quarter. PineBridge Investments L.P. raised its position in First Cash Financial Services by 3.8% in the second quarter. PineBridge Investments L.P. now owns 3,582 shares of the company’s stock valued at $184,000 after buying an additional 130 shares in the last quarter. Teacher Retirement System of Texas raised its position in First Cash Financial Services by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 3,889 shares of the company’s stock valued at $200,000 after buying an additional 469 shares in the last quarter. Riverhead Capital Management LLC raised its position in First Cash Financial Services by 142.3% in the second quarter. Riverhead Capital Management LLC now owns 11,451 shares of the company’s stock valued at $201,000 after buying an additional 6,726 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in First Cash Financial Services during the second quarter valued at approximately $205,000.

Shares of First Cash Financial Services Inc. (NASDAQ:FCFS) opened at 47.30 on Friday. First Cash Financial Services Inc. has a 52 week low of $29.64 and a 52 week high of $53.95. The stock’s 50 day moving average is $48.99 and its 200-day moving average is $48.16. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 24.13 and a beta of 0.90.

First Cash Financial Services (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $181.98 million for the quarter, compared to analysts’ expectations of $178.75 million. First Cash Financial Services’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. On average, equities analysts anticipate that First Cash Financial Services Inc. will post $2.26 earnings per share for the current year.

FCFS has been the topic of several recent research reports. Janney Montgomery Scott raised shares of First Cash Financial Services from a “neutral” rating to a “buy” rating and increased their target price for the company from $52.00 to $59.00 in a report on Monday, October 3rd. Jefferies Group reaffirmed a “buy” rating and set a $60.00 target price on shares of First Cash Financial Services in a report on Thursday, September 22nd. TheStreet raised shares of First Cash Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research raised shares of First Cash Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, July 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of First Cash Financial Services from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, September 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $50.50.

First Cash Financial Services Company Profile

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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