Genesis Asset Managers Llp buys $126,499,372 stake in First Cash Financial Services Inc (FCFS)

First Cash Financial Services Inc (FCFS) : Genesis Asset Managers Llp scooped up 224,700 additional shares in First Cash Financial Services Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 2,708,766 shares of First Cash Financial Services Inc which is valued at $126,499,372.First Cash Financial Services Inc makes up approximately 6.12% of Genesis Asset Managers Llp’s portfolio.

First Cash Financial Services Inc opened for trading at $46.49 and hit $47.36 on the upside on Friday, eventually ending the session at $46.7, with a gain of 0.47% or 0.22 points. The heightened volatility saw the trading volume jump to 2,55,540 shares. Company has a market cap of $1,319 M.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in FCFS during the most recent quarter. The investment firm sold 121 shares of FCFS which is valued $5,670.Chevy Chase Trust Holdings reduced its stake in FCFS by selling 1 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 5,384 shares of FCFS which is valued at $241,042.

On the company’s financial health, First Cash Financial Services Inc 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 Jan 28, 2016. Analyst had a consensus of $0.76. The company had revenue of $191.40 million for the quarter, compared to analysts expectations of $194.02 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on First Cash Financial Services Inc. 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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