Integrated Investment Consultants Lowers stake in First Cash Financial Services Inc (FCFS)

First Cash Financial Services Inc (FCFS) : Integrated Investment Consultants reduced its stake in First Cash Financial Services Inc by 0.15% during the most recent quarter end. The investment management company now holds a total of 3,400 shares of First Cash Financial Services Inc which is valued at $158,304 after selling 5 shares in First Cash Financial Services Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.First Cash Financial Services Inc makes up approximately 0.08% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in FCFS in the latest quarter, The investment management firm added 33,634 additional shares and now holds a total of 46,761 shares of First Cash Financial Services Inc which is valued at $2,226,759.Cutler Group Lp reduced its stake in FCFS by selling 226 shares or 72.9% in the most recent quarter. The Hedge Fund company now holds 84 shares of FCFS which is valued at $4,057. Advisory Services Network added FCFS to its portfolio by purchasing 30 company shares during the most recent quarter which is valued at $1,419.Simplex Trading boosted its stake in FCFS in the latest quarter, The investment management firm added 917 additional shares and now holds a total of 2,570 shares of First Cash Financial Services Inc which is valued at $121,561. First Cash Financial Services Inc makes up approx 0.02% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in FCFS by selling 7,701 shares or 47.23% in the most recent quarter. The Hedge Fund company now holds 8,604 shares of FCFS which is valued at $412,218.

First Cash Financial Services Inc closed down -0.82 points or -1.73% at $46.56 with 1,69,591 shares getting traded on Friday. Post opening the session at $47.73, the shares hit an intraday low of $46.21 and an intraday high of $47.85 and the price fluctuated in this range throughout the day.Shares ended Friday 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. First Cash Financial Services Inc was Upgraded by JMP Securities to ” Mkt Outperform” on Oct 13, 2016. Wedbush Initiated First Cash Financial Services Inc on Oct 11, 2016 to “Outperform”, Price Target of the shares are set at $58.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. 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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