Guggenheim Capital LLC acquired a new stake in shares of First Cash Financial Services, Inc. (NYSE:FCFS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 28,799 shares of the credit services provider’s stock, valued at approximately $1,943,000. Guggenheim Capital LLC owned approximately 0.06% of First Cash Financial Services at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. LS Investment Advisors LLC bought a new position in First Cash Financial Services during the 4th quarter valued at $114,000. USA Financial Portformulas Corp bought a new position in First Cash Financial Services during the 4th quarter valued at $302,000. Jefferies Group LLC bought a new position in First Cash Financial Services during the 4th quarter valued at $318,000. Sawgrass Asset Management LLC bought a new position in First Cash Financial Services during the 4th quarter valued at $349,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in First Cash Financial Services during the 4th quarter valued at $354,000. Institutional investors and hedge funds own 95.76% of the company’s stock.
In related news, Director Daniel R. Feehan sold 17,505 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $80.60, for a total value of $1,410,903.00. Following the sale, the director now directly owns 67,101 shares in the company, valued at approximately $5,408,340.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Douglas Orr sold 1,185 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $75.00, for a total value of $88,875.00. Following the completion of the sale, the chief financial officer now owns 168,815 shares in the company, valued at $12,661,125. The disclosure for this sale can be found here. Insiders have sold a total of 23,690 shares of company stock worth $1,866,928 over the last quarter. Company insiders own 2.75% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut First Cash Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. Wedbush set a $75.00 target price on First Cash Financial Services and gave the stock a “buy” rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Finally, ValuEngine upgraded First Cash Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $71.83.
NYSE FCFS opened at $83.75 on Tuesday. The firm has a market cap of $3,903.62, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.27 and a beta of 0.62. First Cash Financial Services, Inc. has a one year low of $47.75 and a one year high of $85.10. The company has a current ratio of 6.99, a quick ratio of 4.69 and a debt-to-equity ratio of 0.20.
First Cash Financial Services (NYSE:FCFS) last released its earnings results on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.10. The company had revenue of $480.21 million for the quarter, compared to analysts’ expectations of $467.32 million. First Cash Financial Services had a return on equity of 8.86% and a net margin of 8.08%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. sell-side analysts forecast that First Cash Financial Services, Inc. will post 3.29 EPS for the current fiscal year.
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About First Cash Financial Services
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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