First Cash Financial Services Inc (FCFS) : Prince Street Capital Management added new position in First Cash Financial Services Inc during the most recent quarter end. The investment management firm now holds 113,000 shares of First Cash Financial Services Inc which is valued at $5,765,260 , the company said in a statement filed on Aug 15, 2016 with the SEC.First Cash Financial Services Inc makes up approximately 1.62% of Prince Street Capital Management’s portfolio.
Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in FCFS by selling 9,842 shares or 61.37% in the most recent quarter. The Hedge Fund company now holds 6,195 shares of FCFS which is valued at $316,069.Blackrock Group Ltd boosted its stake in FCFS in the latest quarter, The investment management firm added 2,716 additional shares and now holds a total of 40,405 shares of First Cash Financial Services Inc which is valued at $2,061,463.Blair William Coil reduced its stake in FCFS by selling 3,630 shares or 26.52% in the most recent quarter. The Hedge Fund company now holds 10,059 shares of FCFS which is valued at $517,837.State Board Of Administration Of Florida Retirement System reduced its stake in FCFS by selling 1,550 shares or 6.98% in the most recent quarter. The Hedge Fund company now holds 20,666 shares of FCFS which is valued at $1,057,273.California State Teachers Retirement System reduced its stake in FCFS by selling 2,233 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 57,679 shares of FCFS which is valued at $2,932,977. First Cash Financial Services Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.
First Cash Financial Services Inc closed down -1.4 points or -2.71% at $50.32 with 18,73,106 shares getting traded on Thursday. Post opening the session at $49.7, the shares hit an intraday low of $49.7 and an intraday high of $52.16 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, First Cash Financial Services Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.47. The company had revenue of $181.98 million for the quarter, compared to analysts expectations of $178.83 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
Many Wall Street Analysts have commented on First Cash Financial Services Inc. Jefferies Resumed First Cash Financial Services Inc on Sep 2, 2016 to “Buy”, Price Target of the shares are set at $60.First Cash Financial Services Inc was Upgraded by Sterne Agee CRT to ” Buy” on Jun 3, 2016.
First Cash Financial Services Inc. is an operator of retail-based pawn stores in the United States and Mexico. The Company is also involved in the purchase of secondhand goods as well as offer consumer financial services products. Its pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers. In addition some of the Company’s pawn stores offer small consumer loans or credit services products. The Company owns and operates approximately 1247 stores in the United States Mexico and Guatemala. It operates consumer finance stores in Texas and Mexico which include credit services and small unsecured consumer loans. The items the Company sells primarily consist of pre-owned consumer electronics jewelry power tools household appliances sporting goods and musical instruments.