Systemax Inc. (SYX) Holdings Held by Prescott General Partners LLC
Prescott General Partners LLC continued to hold its stake in Systemax Inc. (NYSE:SYX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,118,192 shares of the company’s stock at the close of the second quarter. Systemax makes up about 2.1% of Prescott General Partners LLC’s holdings, making the stock its 10th biggest position. Prescott General Partners LLC owned approximately 5.72% of Systemax worth $39,822,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SYX. Schwab Charles Investment Management Inc. boosted its position in Systemax by 12.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,999 shares of the company’s stock valued at $884,000 after buying an additional 5,309 shares during the last quarter. Rhumbline Advisers boosted its position in Systemax by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 15,372 shares of the company’s stock valued at $289,000 after buying an additional 88 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Systemax by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 153,212 shares of the company’s stock valued at $2,881,000 after buying an additional 7,452 shares during the last quarter. Chicago Equity Partners LLC bought a new position in Systemax in the 2nd quarter valued at $378,000. Finally, Swiss National Bank bought a new position in Systemax in the 2nd quarter valued at $462,000. Hedge funds and other institutional investors own 25.23% of the company’s stock.
A number of research analysts have commented on the company. Sidoti reiterated a “buy” rating and issued a $31.00 price objective (up from $25.00) on shares of Systemax in a research report on Thursday, August 10th. BidaskClub lowered Systemax from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.
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In related news, CEO Lawrence P. Reinhold sold 47,880 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $25.07, for a total transaction of $1,200,351.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas Axmacher sold 10,314 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $24.45, for a total transaction of $252,177.30. Following the transaction, the vice president now owns 5,125 shares in the company, valued at approximately $125,306.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,283 shares of company stock worth $3,788,403. 69.60% of the stock is owned by insiders.
Systemax Inc. (SYX) traded down 0.68% on Friday, hitting $27.84. The stock had a trading volume of 15,972 shares. The company’s market capitalization is $1.03 billion. Systemax Inc. has a 12-month low of $7.05 and a 12-month high of $29.50. The company has a 50 day moving average of $25.11 and a 200 day moving average of $18.70.
Systemax (NYSE:SYX) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.16. The company had revenue of $313.00 million for the quarter. Systemax had a negative net margin of 0.87% and a positive return on equity of 12.27%. On average, equities analysts expect that Systemax Inc. will post $1.26 earnings per share for the current year.
Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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