Fox Run Management L.l.c. adds CIT Group (CIT) to its portfolio

CIT Group (CIT) : Fox Run Management L.l.c. added new position in CIT Group during the most recent quarter end. The investment management firm now holds 22,900 shares of CIT Group which is valued at $798,981 , the company said in a statement filed on Jul 18, 2016 with the SEC.CIT Group makes up approximately 0.37% of Fox Run Management L.l.c.’s portfolio.

Other Hedge Funds, Including ,

CIT Group opened for trading at $35.05 and hit $35.1 on the upside on Wednesday, eventually ending the session at $34.89, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 15,30,788 shares. Company has a market cap of $7,037 M.

On the company’s financial health, CIT Group reported $0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.76.Analysts expectations of $ 625.86.During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on CIT Group. CIT Group was Downgraded by BofA/Merrill to ” Underperform” on Apr 29, 2016.

CIT Group Inc. is a bank holding company (BHC) which provides financing leasing and advisory services principally to middle market companies. The Company operates in two segments: Transportation and International Finance (TIF) provider of leasing and financing solutions to operators and suppliers in the global aviation and railcar industries and North American Commercial Finance (NACF). which consists of four divisions: Commercial Services Corporate Finance Equipment Finance and Real Estate Finance. Commercial Services provides factoring receivable management products and secured financing to businesses. Corporate Finance provides a range of financing options and offers advisory services to small and medium size companies. Equipment Finance provides leasing and equipment loan solutions to small businesses and middle market companies. Real Estate Finance provides senior secured commercial real estate loans to developers and other commercial real estate professionals.

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