Voya Investment Management LLC Buys 2,242 Shares of FirstCash Inc (FCFS)

Voya Investment Management LLC raised its stake in shares of FirstCash Inc (NASDAQ:FCFS) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,008 shares of the credit services provider’s stock after purchasing an additional 2,242 shares during the period. Voya Investment Management LLC’s holdings in FirstCash were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. OxFORD Asset Management LLP purchased a new stake in FirstCash during the second quarter valued at approximately $888,000. Hood River Capital Management LLC purchased a new stake in FirstCash during the second quarter valued at approximately $7,727,000. Parametric Portfolio Associates LLC raised its position in FirstCash by 16.9% during the second quarter. Parametric Portfolio Associates LLC now owns 211,834 shares of the credit services provider’s stock valued at $12,350,000 after purchasing an additional 30,613 shares during the period. California Public Employees Retirement System raised its position in FirstCash by 2.0% during the second quarter. California Public Employees Retirement System now owns 160,212 shares of the credit services provider’s stock valued at $9,340,000 after purchasing an additional 3,100 shares during the period. Finally, Vanguard Group Inc. raised its position in FirstCash by 1.2% during the second quarter. Vanguard Group Inc. now owns 4,199,210 shares of the credit services provider’s stock valued at $244,815,000 after purchasing an additional 51,576 shares during the period.

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Shares of FirstCash Inc (FCFS) opened at 60.60 on Monday. FirstCash Inc has a one year low of $39.80 and a one year high of $63.60. The stock has a market capitalization of $2.89 billion, a P/E ratio of 32.81 and a beta of 0.90. The stock has a 50 day moving average price of $60.68 and a 200 day moving average price of $56.71.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The firm had revenue of $416.60 million for the quarter, compared to analyst estimates of $410.65 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. The business’s revenue for the quarter was up 128.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Equities analysts forecast that FirstCash Inc will post $2.65 earnings per share for the current year.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Wednesday, August 16th. Janney Montgomery Scott downgraded FirstCash from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $58.55 to $58.00 in a research report on Monday, July 17th. Jefferies Group LLC restated a “buy” rating and set a $73.00 price objective on shares of FirstCash in a research report on Thursday, October 12th. BidaskClub upgraded FirstCash from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Finally, CL King downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $64.57.

About FirstCash

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.

Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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