Noteworthy SEC Filing: Why Genesis Asset Managers, Llp Reported Big Firstcash, Inc Position?

Noteworthy SEC Filing: Why Genesis Asset Managers, Llp Reported Big Firstcash, Inc Position?

The New Genesis Asset Managers, Llp Holding in Firstcash, Inc

Genesis Asset Managers, Llp filed with the SEC SC 13G/A form for Firstcash, Inc. The form can be accessed here: 000119312516737378. As reported in Genesis Asset Managers, Llp’s form, the filler as of late owns 4.52% or 2,190,964 shares of the Finance–company.

Firstcash, Inc stake is a new one for the for this institutional investor and it was filed because of activity on September1, 2016. We feel this shows Genesis Asset Managers, Llp’s positive view for the stock. For a institutional investor managing $36.75 billion in assets and having 74+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Firstcash, Inc Institutional Sentiment

Latest Security and Exchange filings show 134 investors own Firstcash, Inc. The institutional ownership in Q3 2015 is high, at 113.06% of the outstanding shares. This is increased by 8262276 the total institutional shares. 31928761 were the shares owned by these institutional investors. In total 12 funds opened new Firstcash, Inc stakes, 57 increased stakes. There were 23 that closed positions and 50 reduced them.

6 managers had the stock in their top Ten. Notable investors are: Nantahala Capital Management Llc, Genesis Asset Managers Llp..

Prince Street Capital Management Llc is an institutional investor bullish on Firstcash, Inc, owning 198000 shares as of Q3 2015 for 4.97% of its portfolio. Wilmot B. Harkey And Daniel Mack Nantahala Capital Management Llc owns 705020 shares or 3.83% of its portfolio. IL Geneva Advisors Llc have 0.03% of their stock portfolio for 35115 shares. Further, Archon Capital Management Llc reported stake worth 6.55% of its US stock portfolio. The WI Fiduciary Management Inc owns 1096990 shares. Firstcash, Inc is 0.24% of the manager’s US portfolio.

Business Profile

FirstCash, Inc., formerly First Cash Financial Services, Inc., is an operator of retail-based pawn stores in the United States and Mexico. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. Its pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers. The Company’s pawn stores are a source for small consumer loans to help customers meet their short-term cash needs. In addition, some of its pawn stores offer small consumer loans or credit services products. As of December 31, 2015, the Company had 1,075 locations, consisting of 338 stores across 14 states of the United States, 705 stores across 29 states in Mexico and 32 stores in Guatemala. It operates a number of standalone consumer finance stores in Texas and Mexico, which provide consumer financial services products, including credit services and small unsecured consumer loans.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Genesis Asset Managers, Llp website.

Insitutional Activity: The institutional sentiment increased to 1.37 in Q2 2016. Its up 0.34, from 1.03 in 2016Q1. The ratio improved, as 13 funds sold all FirstCash Inc shares owned while 36 reduced positions. 16 funds bought stakes while 51 increased positions. They now own 23.29 million shares or 0.86% less from 23.49 million shares in 2016Q1.

Whittier has 0.01% invested in the company for 6,000 shares. Fmr holds 0.01% of its portfolio in FirstCash Inc (NYSE:FCFS) for 1.26 million shares. Proshare Advsrs Limited Liability Corp reported 3,997 shares or 0% of all its holdings. The Texas-based Capstone Asset Management has invested 0.01% in FirstCash Inc (NYSE:FCFS). The Massachusetts-based Geode Mgmt Ltd Limited Liability Company has invested 0.01% in FirstCash Inc (NYSE:FCFS). Credit Suisse Ag last reported 84,974 shares in the company. Teacher Retirement Of Texas reported 3,889 shares or 0% of all its holdings. Da Davidson And Commerce last reported 0% of its portfolio in the stock. Washington Tru Savings Bank accumulated 34 shares or 0% of the stock. Thompson Siegel & Walmsley accumulated 0.2% or 249,775 shares. Global Thematic Ltd Com has 24,170 shares for 0.03% of their US portfolio. Parkside Natl Bank And Trust, a Missouri-based fund reported 525 shares. Pnc Fincl Svcs Inc last reported 2,900 shares in the company. Cooke Bieler Lp last reported 1% of its portfolio in the stock. Moreover, Tiaa Cref Mngmt Ltd Com has 0% invested in FirstCash Inc (NYSE:FCFS) for 84,868 shares.

Analysts await FirstCash Inc (NYSE:FCFS) to report earnings on October, 18. They expect $0.57 EPS, down 3.39% or $0.02 from last year’s $0.59 per share. FCFS’s profit will be $16.06 million for 20.86 P/E if the $0.57 EPS becomes a reality. After $0.51 actual EPS reported by FirstCash Inc for the previous quarter, Wall Street now forecasts 11.76% EPS growth.

About 143,384 shares traded hands. FirstCash Inc (NYSE:FCFS) has risen 6.38% since March 10, 2016 and is uptrending. It has underperformed by 1.14% the S&P500.

FirstCash, Inc., formerly First Cash Financial Services, Inc., is an operator of retail pawn stores in the United States and Mexico. The company has a market cap of $1.34 billion. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. It has a 24.18 P/E ratio. The Company’s pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers.

More news for FirstCash Inc (NYSE:FCFS) were recently published by: Globenewswire.com, which released: “First Cash Financial Services, Inc. Announces Transfer to NYSE” on August 19, 2016. Globenewswire.com‘s article titled: “FirstCash Announces Successful Completion of Merger of Equals Combining First …” and published on September 02, 2016 is yet another important article.

According to Zacks Investment Research, “FirstCash Inc. is an operator of pawn stores. The company focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell jewelry, consumer electronics, power tools, household appliances, sporting goods, musical instruments and other merchandise. It operates primarily in the U.S., Mexico, Guatemala and El Salvador. FirstCash, Inc., formerly known as First Cash Financial Services Inc., is based in Arlington, United States.”

FCFS Company Profile

FirstCash, Inc., formerly First Cash Financial Services, Inc., incorporated on April 24, 1991, is an operator of retail pawn stores in the United States and Mexico. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. The Company’s pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers. The Company’s pawn stores are a source for small consumer loans to help clients meet their short-term cash needs. In addition, some of the Company’s pawn stores offer small consumer loans or credit services products. As of December 31, 2015, the Company had 1,075 locations, consisting of 338 stores across 14 states of the United States, 705 stores across 29 states in Mexico and 32 stores in Guatemala. It operates a number of standalone consumer finance stores in Texas and Mexico, which provide consumer financial services products, including credit services and small unsecured consumer loans.

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