Time to Buy Systemax Inc. (SYX) After Today’s Significant Increase?

September 17, 2017 - By Marguerite Chambers

Investors sentiment decreased to 1.22 in Q4 2016. Its down 0.33, from 1.55 in 2016Q3. It worsened, as 2 investors sold Systemax Inc. shares while 21 reduced holdings. 7 funds opened positions while 21 raised stakes. 9.18 million shares or 1.96% less from 9.36 million shares in 2016Q3 were reported.
Rhumbline Advisers stated it has 0% in Systemax Inc. (NYSE:SYX). Vanguard Gp stated it has 840,813 shares or 0% of all its holdings. Foundry Prtnrs Lc invested in 0.06% or 155,630 shares. Deutsche Bancshares Ag holds 0% in Systemax Inc. (NYSE:SYX) or 13,257 shares. Susquehanna Gru Llp has invested 0% in Systemax Inc. (NYSE:SYX). Schwab Charles Inv Mgmt, California-based fund reported 39,809 shares. Perritt Capital Mngmt holds 0.75% of its portfolio in Systemax Inc. (NYSE:SYX) for 350,902 shares. Gsa Ltd Liability Partnership accumulated 41,308 shares. Ny State Common Retirement Fund stated it has 10,200 shares. Prelude Cap Mngmt Lc, New York-based fund reported 400 shares. Legal And General Public Ltd Co stated it has 2,293 shares. Manufacturers Life Ins The reported 0% of its portfolio in Systemax Inc. (NYSE:SYX). Barclays Pcl holds 0% or 104 shares in its portfolio. Walleye Trading Limited Liability has 1,000 shares for 0% of their portfolio. Blackrock Advsr Ltd Liability Corporation invested in 5,825 shares.

The stock of Systemax Inc. (NYSE:SYX) is a huge mover today! The stock increased 3.60% or $0.87 on September 15, reaching $25.04. About 313,495 shares traded or 236.81% up from the average. Systemax Inc. (NYSE:SYX) has risen 77.10% since September 17, 2016 and is uptrending. It has outperformed by 60.40% the S&P500.
The move comes after 5 months positive chart setup for the $926.94 million company. It was reported on Sep, 17 by Barchart.com. We have $26.79 PT which if reached, will make NYSE:SYX worth $64.89 million more.

More notable recent Systemax Inc. (NYSE:SYX) news were published by: Seekingalpha.com which released: “Systemax’s (SYX) CEO Larry Reinhold on Q1 2017 Results – Earnings Call Transcript” on May 07, 2017, also Prnewswire.com with their article: “Systemax Further Streamlines Operations To Increase Focus On Its Profitable …” published on March 27, 2017, Nasdaq.com published: “Systemax Inc. (SYX) Ex-Dividend Date Scheduled for August 10, 2017” on August 09, 2017. More interesting news about Systemax Inc. (NYSE:SYX) were released by: Seekingalpha.com and their article: “Systemax’s (SYX) CEO Larry Reinhold on Q2 2017 Results – Earnings Call Transcript” published on August 01, 2017 as well as Newsday.com‘s news article titled: “Systemax stock surges 20 percent on earnings news” with publication date: May 05, 2017.

Systemax Inc. is a direct marketer of brand name and private label products. The company has market cap of $926.94 million. The Company’s divisions are Industrial Products Group , EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). It has a 37.72 P/E ratio. The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.