Strs Ohio Has $2.64 Million Stock Position in FirstCash Inc (NYSE:FCFS)

Strs Ohio raised its stake in FirstCash Inc (NYSE:FCFS) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,400 shares of the credit services provider’s stock after buying an additional 1,300 shares during the period. Strs Ohio’s holdings in FirstCash were worth $2,640,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC acquired a new stake in FirstCash in the first quarter valued at approximately $38,000. Howe & Rusling Inc. acquired a new stake in FirstCash in the first quarter valued at approximately $87,000. Nwam LLC acquired a new stake in FirstCash in the second quarter valued at approximately $227,000. Mercer Global Advisors Inc. ADV acquired a new stake in FirstCash in the first quarter valued at approximately $230,000. Finally, Sciencast Management LP acquired a new stake in FirstCash in the first quarter valued at approximately $267,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

In other news, CFO R Douglas Orr sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $101.83, for a total transaction of $254,575.00. Following the completion of the transaction, the chief financial officer now owns 135,000 shares of the company’s stock, valued at $13,747,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the stock. JMP Securities raised their target price on shares of FirstCash from $95.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, April 25th. Barclays lowered shares of FirstCash from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Jefferies Financial Group raised their price target on shares of FirstCash from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $106.00.

Shares of FCFS stock traded down $0.69 during trading hours on Friday, hitting $99.63. 67,559 shares of the company’s stock traded hands, compared to its average volume of 207,378. The firm has a 50 day moving average price of $101.59. FirstCash Inc has a 12 month low of $66.28 and a 12 month high of $106.80.

FirstCash (NYSE:FCFS) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The business had revenue of $446.00 million for the quarter, compared to the consensus estimate of $435.50 million. FirstCash’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 14th.

About FirstCash

FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.

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Institutional Ownership by Quarter for FirstCash (NYSE:FCFS)

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