OxFORD Asset Management LLP acquired a new stake in FirstCash Inc (NASDAQ:FCFS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,227 shares of the credit services provider’s stock, valued at approximately $888,000.
Other institutional investors have also made changes to their positions in the company. AlphaOne Investment Services LLC bought a new position in FirstCash in the 2nd quarter valued at $207,000. Riverhead Capital Management LLC grew its position in FirstCash by 74.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,663 shares of the credit services provider’s stock valued at $214,000 after acquiring an additional 1,563 shares during the last quarter. Strs Ohio grew its position in FirstCash by 100.0% in the 2nd quarter. Strs Ohio now owns 3,800 shares of the credit services provider’s stock valued at $221,000 after acquiring an additional 1,900 shares during the last quarter. Teacher Retirement System of Texas bought a new position in FirstCash in the 2nd quarter valued at $227,000. Finally, BlueCrest Capital Management Ltd bought a new position in FirstCash in the 1st quarter valued at $202,000.
Several equities analysts have commented on the company. BidaskClub downgraded FirstCash from a “hold” rating to a “sell” rating in a research report on Friday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $73.00 price objective on shares of FirstCash in a research report on Thursday. Zacks Investment Research downgraded FirstCash from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Wedbush increased their price target on FirstCash from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, October 5th. Finally, Credit Suisse Group started coverage on FirstCash in a research report on Wednesday, October 4th. They set an “outperform” rating and a $73.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $64.57.
FirstCash Inc (NASDAQ FCFS) opened at 60.85 on Friday. The company has a market cap of $2.90 billion, a P/E ratio of 32.95 and a beta of 0.90. The stock’s 50 day moving average price is $60.48 and its 200-day moving average price is $56.34. FirstCash Inc has a 52-week low of $39.80 and a 52-week high of $63.60.
FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The business had revenue of $416.60 million during the quarter, compared to analysts’ expectations of $410.65 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 128.9% on a year-over-year basis. On average, equities analysts predict that FirstCash Inc will post $2.65 earnings per share for the current fiscal year.
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FirstCash Company Profile
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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