Chase Investment Counsel Corp Has $1.55 Million Stock Holdings in FirstCash Holdings, Inc. $FCFS

Chase Investment Counsel Corp boosted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 71.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,236 shares of the company’s stock after buying an additional 3,440 shares during the period. Chase Investment Counsel Corp’s holdings in FirstCash were worth $1,548,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV boosted its holdings in FirstCash by 19.4% in the first quarter. KBC Group NV now owns 1,349 shares of the company’s stock worth $254,000 after acquiring an additional 219 shares in the last quarter. Aviance Capital Partners LLC bought a new stake in shares of FirstCash during the first quarter valued at approximately $212,000. California Public Employees Retirement System bought a new stake in shares of FirstCash during the first quarter valued at approximately $10,423,000. Future Fund LLC raised its position in shares of FirstCash by 27.1% during the first quarter. Future Fund LLC now owns 18,889 shares of the company’s stock worth $3,551,000 after purchasing an additional 4,024 shares during the period. Finally, Assetmark Inc. raised its position in shares of FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after purchasing an additional 103 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Stock Performance

Shares of FCFS opened at $211.89 on Wednesday. The firm has a market capitalization of $9.29 billion, a P/E ratio of 26.55 and a beta of 0.53. FirstCash Holdings, Inc. has a 52 week low of $119.21 and a 52 week high of $235.97. The stock has a 50 day moving average price of $221.09 and a two-hundred day moving average price of $200.49. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the company earned $2.07 earnings per share. Equities analysts forecast that FirstCash Holdings, Inc. will post 11.33 earnings per share for the current fiscal year.

Insider Buying and Selling at FirstCash

In other FirstCash news, SVP Raul Ramos sold 6,835 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the transaction, the senior vice president directly owned 20,400 shares in the company, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, May 18th. The stock was sold at an average price of $227.29, for a total transaction of $454,580.00. Following the transaction, the chief financial officer directly owned 35,734 shares in the company, valued at $8,121,980.86. This represents a 5.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,500 shares of company stock valued at $6,243,104 in the last three months. Insiders own 2.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. TD Cowen raised their price objective on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Canaccord Genuity Group lifted their price objective on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, FirstCash presently has an average rating of “Moderate Buy” and a consensus target price of $199.25.

FirstCash Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.