Axel Capital Management Exits Position in First Cash Financial Services Inc (FCFS)

First Cash Financial Services Inc (FCFS) : Axel Capital Management has sold out all of its stake in First Cash Financial Services Inc during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 26,800 shares of First Cash Financial Services Inc which is valued at $1.2 Million.

Other Hedge Funds, Including , Comerica Bank boosted its stake in FCFS in the latest quarter, The investment management firm added 527 additional shares and now holds a total of 29,096 shares of First Cash Financial Services Inc which is valued at $1.3 Million. First Cash Financial Services Inc makes up approx 0.01% of Comerica Bank’s portfolio.Blackrock Group Ltd boosted its stake in FCFS in the latest quarter, The investment management firm added 2,506 additional shares and now holds a total of 37,689 shares of First Cash Financial Services Inc which is valued at $1.7 Million. Kalos Management sold out all of its stake in FCFS during the most recent quarter. The investment firm sold 1,123 shares of FCFS which is valued $53,309. Aperio Group added FCFS to its portfolio by purchasing 6,389 company shares during the most recent quarter which is valued at $292,169. Quadrant Capital Group added FCFS to its portfolio by purchasing 241 company shares during the most recent quarter which is valued at $11,021. First Cash Financial Services Inc makes up approx 0.01% of Quadrant Capital Group’s portfolio.

First Cash Financial Services Inc closed down -0.78 points or -1.69% at $45.27 with 2,59,453 shares getting traded on Monday. Post opening the session at $46.44, the shares hit an intraday low of $45.23 and an intraday high of $47.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, First Cash Financial Services Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.44. The company had revenue of $183.20 million for the quarter, compared to analysts expectations of $180.14 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Investors should note that on Apr 28, 2016, First Cash Financial Services Inc announced a cash dividend of $0.1250. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on First Cash Financial Services Inc. First Cash Financial Services Inc was Downgraded by Sterne Agee CRT to ” Neutral” on Apr 28, 2016. First Cash Financial Services Inc was Downgraded by JP Morgan to ” Neutral” on Mar 18, 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.

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