Genesis Asset Managers Llp Trimmed Its First Cash Financial Services (FCFS) Position by $6.45 Million; Albemarle (ALB) Shareholder Spf Beheer Bv Decreased Its Position

May 7, 2018 - By William Brooks

Albemarle Corporation (NYSE:ALB) Logo

Genesis Asset Managers Llp decreased its stake in First Cash Financial Services (FCFS) by 5.17% based on its latest 2017Q4 regulatory filing with the SEC. Genesis Asset Managers Llp sold 96,300 shares as the company’s stock rose 17.90% while stock markets declined. The institutional investor held 1.77M shares of the consumer services company at the end of 2017Q4, valued at $119.20M, down from 1.86 million at the end of the previous reported quarter. Genesis Asset Managers Llp who had been investing in First Cash Financial Services for a number of months, seems to be less bullish one the $4.00B market cap company. The stock decreased 2.97% or $2.7 during the last trading session, reaching $88.15. About 252,716 shares traded. FirstCash, Inc. (NASDAQ:FCFS) has risen 75.74% since May 7, 2017 and is uptrending. It has outperformed by 64.19% the S&P500.

Spf Beheer Bv decreased its stake in Albemarle Corp (ALB) by 2.27% based on its latest 2017Q4 regulatory filing with the SEC. Spf Beheer Bv sold 15,803 shares as the company’s stock declined 27.74% with the market. The institutional investor held 681,081 shares of the major chemicals company at the end of 2017Q4, valued at $87.32M, down from 696,884 at the end of the previous reported quarter. Spf Beheer Bv who had been investing in Albemarle Corp for a number of months, seems to be less bullish one the $11.05B market cap company. The stock decreased 0.27% or $0.27 during the last trading session, reaching $99.79. About 980,718 shares traded. Albemarle Corporation (NYSE:ALB) has declined 10.68% since May 7, 2017 and is downtrending. It has underperformed by 22.23% the S&P500.

Another recent and important FirstCash, Inc. (NYSE:FCFS) news was published by Benzinga.com which published an article titled: “Benzinga’s Top Upgrades, Downgrades For May 7, 2018” on May 07, 2018.

Genesis Asset Managers Llp, which manages about $36.75B and $2.74B US Long portfolio, upped its stake in Pricesmart Inc. (NASDAQ:PSMT) by 228,715 shares to 1.14M shares, valued at $97.78M in 2017Q4, according to the filing.

Since February 5, 2018, it had 2 insider purchases, and 3 sales for $2.30 million activity. $1.41 million worth of FirstCash, Inc. (NYSE:FCFS) was sold by FEEHAN DANIEL R on Tuesday, March 13. ORR R DOUGLAS had sold 5,000 shares worth $367,150. FAULKNER MIKEL D had bought 1,700 shares worth $146,013 on Tuesday, May 1.

Among 11 analysts covering First Cash Financial (NASDAQ:FCFS), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. First Cash Financial had 32 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by JMP Securities with “Mkt Outperform” on Friday, February 3. The rating was maintained by Stephens on Thursday, February 1 with “Hold”. The stock of FirstCash, Inc. (NYSE:FCFS) earned “Buy” rating by Wedbush on Monday, February 5. The firm has “Market Perform” rating by JMP Securities given on Wednesday, August 26. The rating was maintained by Jefferies with “Buy” on Wednesday, January 10. The firm has “Outperform” rating given on Wednesday, November 30 by Wedbush. Jefferies maintained FirstCash, Inc. (NYSE:FCFS) rating on Thursday, August 17. Jefferies has “Buy” rating and $69.0 target. The rating was upgraded by JMP Securities to “Mkt Outperform” on Thursday, October 13. Stephens maintained the shares of FCFS in report on Wednesday, January 3 with “Hold” rating. The rating was reinitiated by Jefferies with “Buy” on Friday, September 2.

Investors sentiment is 0 in Q4 2017. Its the same as in 2017Q3. It is the same, as 1 investors sold FCFS shares while 1 reduced holdings. only 0 funds opened positions while 0 raised stakes. 1.78 million shares or 5.52% less from 1.88 million shares in 2017Q3 were reported. Public Employees Retirement Association Of Colorado reported 10,430 shares. Gemmer Asset Mngmt Lc has 215 shares for 0.01% of their portfolio. Genesis Asset Managers Limited Liability Partnership invested in 1.77 million shares or 4.35% of the stock.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on May, 9 after the close. They expect $1.20 earnings per share, up 14.29% or $0.15 from last year’s $1.05 per share. ALB’s profit will be $132.88M for 20.79 P/E if the $1.20 EPS becomes a reality. After $1.34 actual earnings per share reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -10.45% negative EPS growth.

More recent Albemarle Corporation (NYSE:ALB) news were published by: Seekingalpha.com which released: “Albemarle +2% as Citigroup upgrades to Buy” on April 13, 2018. Also Prnewswire.com published the news titled: “Albemarle and DuPont Announce Collaboration in Hydroprocessing” on April 24, 2018. Seekingalpha.com‘s news article titled: “Why Albemarle Corporation’s Outlook Is Still Strong Despite Recent Slump” with publication date: April 18, 2018 was also an interesting one.

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Albemarle Corporation had 78 analyst reports since August 7, 2015 according to SRatingsIntel. Robert W. Baird maintained Albemarle Corporation (NYSE:ALB) rating on Wednesday, November 1. Robert W. Baird has “Hold” rating and $135.0 target. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by RBC Capital Markets on Thursday, March 1. The rating was maintained by Nomura on Tuesday, October 10 with “Buy”. On Thursday, May 12 the stock rating was maintained by Suntrust Robinson with “Buy”. The firm has “Buy” rating given on Tuesday, October 17 by RBC Capital Markets. The stock of Albemarle Corporation (NYSE:ALB) has “Underweight” rating given on Monday, February 26 by Morgan Stanley. The rating was maintained by RBC Capital Markets on Tuesday, April 17 with “Buy”. Jefferies maintained Albemarle Corporation (NYSE:ALB) on Monday, July 17 with “Buy” rating. Robert W. Baird downgraded the shares of ALB in report on Monday, September 25 to “Neutral” rating. KeyBanc Capital Markets maintained the shares of ALB in report on Friday, September 1 with “Buy” rating.

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.12, from 1.13 in 2017Q3. It dropped, as 42 investors sold ALB shares while 182 reduced holdings. 82 funds opened positions while 144 raised stakes. 92.86 million shares or 2.44% less from 95.18 million shares in 2017Q3 were reported. Symphony Asset Mgmt Ltd Limited Liability Company has 1,996 shares for 0.03% of their portfolio. Baillie Gifford And Company reported 0.03% in Albemarle Corporation (NYSE:ALB). Norinchukin Retail Bank The reported 8,835 shares. Jpmorgan Chase & Company reported 896,379 shares or 0.02% of all its holdings. First Citizens Bankshares Tru Co holds 6,431 shares. Cadence Capital Ltd Limited Liability Company holds 0.03% of its portfolio in Albemarle Corporation (NYSE:ALB) for 3,322 shares. National Bank Of Montreal Can reported 0.01% in Albemarle Corporation (NYSE:ALB). Mason Street Advsr Limited Liability Company has 15,391 shares for 0.05% of their portfolio. Putnam Invs Lc reported 543,259 shares or 0.15% of all its holdings. Hudson Valley Invest Advisors Adv, a New York-based fund reported 2,150 shares. Ibm Retirement Fund owns 0.04% invested in Albemarle Corporation (NYSE:ALB) for 1,668 shares. Ameriprise owns 0.01% invested in Albemarle Corporation (NYSE:ALB) for 149,123 shares. Envestnet Asset Mgmt reported 23,357 shares. Morgan Stanley holds 0.03% of its portfolio in Albemarle Corporation (NYSE:ALB) for 814,730 shares. Bbr Ptnrs Limited Com reported 9,731 shares or 0.15% of all its holdings.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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By1 William Brooks

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