WINTON GROUP Ltd Has $9.30 Million Holdings in FirstCash Inc (FCFS)
WINTON GROUP Ltd boosted its stake in shares of FirstCash Inc (NYSE:FCFS) by 1,284.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,491 shares of the credit services provider’s stock after acquiring an additional 96,015 shares during the quarter. WINTON GROUP Ltd owned 0.23% of FirstCash worth $9,299,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC grew its holdings in shares of FirstCash by 5,707.4% during the first quarter. Summit Trail Advisors LLC now owns 134,151 shares of the credit services provider’s stock worth $134,000 after purchasing an additional 131,841 shares during the last quarter. CAPROCK Group Inc. bought a new position in FirstCash in the second quarter valued at about $200,000. Acadian Asset Management LLC bought a new position in FirstCash in the second quarter valued at about $205,000. Jane Street Group LLC bought a new position in FirstCash in the first quarter valued at about $229,000. Finally, Granahan Investment Management Inc. MA bought a new position in FirstCash in the second quarter valued at about $252,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.
FCFS has been the topic of several recent research reports. ValuEngine cut FirstCash from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Finally, Barclays initiated coverage on FirstCash in a report on Wednesday, September 26th. They issued an “overweight” rating and a $95.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $93.17.
FirstCash (NYSE:FCFS) last released its quarterly earnings results on Thursday, July 26th. The credit services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. The company had revenue of $419.97 million for the quarter, compared to analyst estimates of $424.01 million. FirstCash had a return on equity of 10.32% and a net margin of 9.40%. FirstCash’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. As a group, equities analysts forecast that FirstCash Inc will post 3.5 EPS for the current year.
FirstCash announced that its board has approved a share buyback program on Thursday, July 26th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 2.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
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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