Acadian Asset Management LLC Buys 27944 Shares of Systemax Inc. (SYX)

Systemax logo 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 …

Systemax logoAcadian 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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About Systemax

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.

Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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Qualcomm in new move against Broadcom bid

… bolster Qualcomm’s competitiveness as it is looking for NXP technology to broaden its product line beyond smartphones to automobiles and internet-connected devices, and strengthen its products for next-generation 5G,” said Roger Sheng, research director at consultancy Gartner Inc. Qualcomm said …
A plant operated by Netherlands-based chipmaker NXP in Caen, northwestern France. (Photo/China Daily)

A plant operated by Netherlands-based chipmaker NXP in Caen, northwestern France. (Photo/China Daily)

U.S. semiconductor company Qualcomm Inc has announced it will raise its bid to acquire Dutch automotive chip maker NXP Semiconductors NV to $44 billion, which analysts see as a key step for the heavyweight to shore up support for the deal and fend off the hostile $121 billion bid from its rival Broadcom Ltd.

Under the new deal, Qualcomm will pay $127.50 for each NXP share, which will be 16 percent higher than the originally proposed price, and the minimum tender condition has been lowered from 80 percent of NXP’s outstanding shares to 70 percent.

Xiang Ligang, a telecom veteran and CEO of industry website Cctime, said the new terms including the lowered threshold will make it easier for Qualcomm to complete the deal as the revised bid is likely to win over investors including Elliott Management, which had opposed Qualcomm’s initial offer as too low.

“If the deal is completed, it will bolster Qualcomm’s competitiveness as it is looking for NXP technology to broaden its product line beyond smartphones to automobiles and internet-connected devices, and strengthen its products for next-generation 5G,” said Roger Sheng, research director at consultancy Gartner Inc. Qualcomm said that the acquisition will be “highly strategic and attractive”.

“The acquisition of NXP will enable us to accelerate our growth strategy … this is an attractive acquisition at this price for Qualcomm stockholders,” said Tom Horton, presiding director of the Qualcomm Board of Directors.

More importantly, analysts pointed out that the new terms will put great pressure on its biggest rival Broadcom to decide whether it will stick to the original stipulation in its bid.

Earlier this month, Broadcom made a $121 billion “best and final offer” to acquire Qualcomm, but Qualcomm rejected the revised buyout suggesting it has “serious deficiencies in value and certainty”.

“Building momentum on the NXP deal will strengthen Qualcomm’s defenses to Broadcom as it allows its shareholders to better assess the standalone value of Qualcomm,” added Xiang.

Right after the revised price, NXP shares rose 6 percent to $125.56, reflecting expectations among investors that there are increasing chances of Qualcomm repelling Broadcom.

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Bridgewater’s Dalio sees 70 percent chance of recession before 2020

(Reuters) – Billionaire investor Ray Dalio, who founded world’s largest hedge fund Bridgewater Associates, thinks there is a relatively high chance the U.S. … FILE PHOTO – Ray Dalio, founder, co-chief investment officer and co-chairman of Bridgewater Associates, speaks at the 2017 Forbes Under 30 …

CAMBRIDGE, Mass. (Reuters) – Billionaire investor Ray Dalio, who founded world’s largest hedge fund Bridgewater Associates, thinks there is a relatively high chance the U.S. economy will stumble into a recession before the next presidential election in 2020.

Dalio said the U.S. economy is not currently in a bubble. But he reasoned that it might not take long to get there and then to move on to a “bust” phase.

”I think we are in a pre-bubble stage that could go into a bubble stage … The probability of a recession prior to the next presidential election would be relatively high, maybe 70 percent, Dalio said during an appearance at the Harvard Kennedy School’s Institute of Politics.

Dalio, whose fund invests some $160 billion, stepped down from the hedge fund’s day-to-day operations nearly a year ago, but his views on markets and the economy are still very closely followed.

At the event, Lawrence Summers, a former Treasury secretary and former Harvard president, asked Dalio questions including what advice he would give individual investors who may have been rattled by the market’s recent turbulence after years of steady gains.

Dalio said investors should not panic and need to have a sound plan. If people become scared after the market has tumbled, it is too late, Dalio said, adding that people should probably buy when they are frightened and sell when they are not.

“The greatest mistake of the individual investor is to think that a market that did well is a good market rather than a more expensive market,” he said.

Dalio refused to discuss the firm’s portfolio and said that many of Bridgewater’s moves could be easily misinterpreted, including recent short bets against a number of European companies. “Don’t read anything into that. You’ll probably be misled.”

Reporting by Svea Herbst-Bayliss; Editing by Cynthia Osterman

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Bridgewater’s Dalio sees 70 pct chance of recession before 2020

CAMBRIDGE, Mass., Feb 21 (Reuters) – Billionaire investor Ray Dalio, who founded world’s largest hedge fund Bridgewater Associates, thinks there is a relatively high chance the U.S. economy will stumble into a recession before the next presidential election in 2020. Dalio said the U.S. economy is not …

CAMBRIDGE, Mass. (Reuters) – Billionaire investor Ray Dalio, who founded world’s largest hedge fund Bridgewater Associates, thinks there is a relatively high chance the U.S. economy will stumble into a recession before the next presidential election in 2020.

Dalio said the U.S. economy is not currently in a bubble. But he reasoned that it might not take long to get there and then to move on to a “bust” phase.

”I think we are in a pre-bubble stage that could go into a bubble stage … The probability of a recession prior to the next presidential election would be relatively high, maybe 70 percent, Dalio said during an appearance at the Harvard Kennedy School’s Institute of Politics.

Dalio, whose fund invests some $160 billion, stepped down from the hedge fund’s day-to-day operations nearly a year ago, but his views on markets and the economy are still very closely followed.

At the event, Lawrence Summers, a former Treasury secretary and former Harvard president, asked Dalio questions including what advice he would give individual investors who may have been rattled by the market’s recent turbulence after years of steady gains.

Dalio said investors should not panic and need to have a sound plan. If people become scared after the market has tumbled, it is too late, Dalio said, adding that people should probably buy when they are frightened and sell when they are not.

“The greatest mistake of the individual investor is to think that a market that did well is a good market rather than a more expensive market,” he said.

Dalio refused to discuss the firm’s portfolio and said that many of Bridgewater’s moves could be easily misinterpreted, including recent short bets against a number of European companies. “Don’t read anything into that. You’ll probably be misled.”

Reporting by Svea Herbst-Bayliss; Editing by Cynthia Osterman

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FNF Group of Fidelity National Financial, Inc. (FNF) Shares Bought by PGGM Investments

FNF Group of Fidelity National Financial logo PGGM Investments grew its stake in shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 115.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,120,700 shares of the financial services …

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