Acadian Asset Management LLC boosted its position in Systemax Inc. (NYSE:SYX) by 85.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,599 shares of the company’s stock after purchasing an additional 27,944 shares during the quarter. Acadian Asset Management LLC owned approximately 0.16% of Systemax worth $2,018,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SYX. Wells Fargo & Company MN boosted its position in shares of Systemax by 0.7% during the second quarter. Wells Fargo & Company MN now owns 6,846 shares of the company’s stock valued at $129,000 after buying an additional 45 shares during the last quarter. Rhumbline Advisers boosted its position in Systemax by 0.6% in the second quarter. Rhumbline Advisers now owns 15,372 shares of the company’s stock worth $289,000 after purchasing an additional 88 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Systemax by 0.9% in the second quarter. TIAA CREF Investment Management LLC now owns 55,467 shares of the company’s stock worth $1,043,000 after purchasing an additional 513 shares during the last quarter. Alliancebernstein L.P. boosted its position in Systemax by 12.1% in the second quarter. Alliancebernstein L.P. now owns 14,807 shares of the company’s stock worth $278,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in Systemax in the fourth quarter worth about $153,000. Hedge funds and other institutional investors own 26.66% of the company’s stock.
Separately, Sidoti downgraded Systemax from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th.Shares of Systemax Inc. (NYSE:SYX) traded up $0.30 on Wednesday, reaching $30.25. The company had a trading volume of 35,067 shares, compared to its average volume of 100,210. Systemax Inc. has a 52 week low of $7.05 and a 52 week high of $34.91. The company has a market cap of $1,138.47, a P/E ratio of 302.53 and a beta of 0.11.
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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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