APG Asset Management N.V. grew its stake in FirstCash Inc (NYSE:FCFS) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 839,300 shares of the credit services provider’s stock after acquiring an additional 18,200 shares during the period. APG Asset Management N.V. owned 1.93% of FirstCash worth $53,119,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Intercontinental Wealth Advisors LLC acquired a new stake in shares of FirstCash in the fourth quarter valued at approximately $49,000. Ffcm LLC acquired a new stake in shares of FirstCash in the fourth quarter valued at approximately $141,000. Advisor Group Inc. raised its position in FirstCash by 18.0% during the fourth quarter. Advisor Group Inc. now owns 2,339 shares of the credit services provider’s stock valued at $170,000 after purchasing an additional 356 shares in the last quarter. Caxton Associates LP acquired a new position in FirstCash during the fourth quarter valued at approximately $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in FirstCash by 11.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,197 shares of the credit services provider’s stock valued at $231,000 after purchasing an additional 325 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.
FCFS traded up $0.54 during trading on Friday, reaching $89.38. 140,587 shares of the stock traded hands, compared to its average volume of 209,120. FirstCash Inc has a 12 month low of $66.28 and a 12 month high of $95.40.
Separately, Zacks Investment Research upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. FirstCash currently has a consensus rating of “Hold” and a consensus price target of $93.17.
In related news, CFO R Douglas Orr sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $90.00, for a total value of $450,000.00. Following the completion of the transaction, the chief financial officer now directly owns 150,000 shares of the company’s stock, valued at approximately $13,500,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel R. Feehan sold 11,093 shares of the firm’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $88.84, for a total transaction of $985,502.12. Following the completion of the transaction, the director now directly owns 56,008 shares of the company’s stock, valued at $4,975,750.72. The disclosure for this sale can be found here. Insiders have sold a total of 22,500 shares of company stock valued at $2,004,554 over the last three months. Insiders own 2.83% of the company’s stock.
FirstCash Company Profile
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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