Systemax Inc. (SYX) Hit 52-Week High

June 13, 2018 - By Hazel Jackson

Systemax Inc. (NYSE:SYX) Logo

Investors sentiment decreased to 1.31 in 2018 Q1. Its down 0.05, from 1.36 in 2017Q4. It dropped, as 10 investors sold Systemax Inc. shares while 29 reduced holdings. 14 funds opened positions while 37 raised stakes. 10.22 million shares or 0.11% more from 10.21 million shares in 2017Q4 were reported.
Natl Bank Of Montreal Can owns 87 shares or 0% of their US portfolio. Deutsche State Bank Ag invested in 0% or 14,100 shares. Us Comml Bank De invested 0% of its portfolio in Systemax Inc. (NYSE:SYX). Citigroup holds 0% or 2,130 shares. Cambridge Invest Advisors holds 26,131 shares. California State Teachers Retirement invested in 17,495 shares or 0% of the stock. Paloma Ptnrs Mngmt owns 11,339 shares for 0.01% of their portfolio. The New York-based Goldman Sachs Gru has invested 0% in Systemax Inc. (NYSE:SYX). Bowling Mngmt Llc invested in 22,746 shares. Ellington Gp Limited Company owns 13,400 shares. Vanguard Group Inc Inc owns 1.02M shares for 0% of their portfolio. Systematic Mgmt L P, New Jersey-based fund reported 44,315 shares. Moreover, Morgan Stanley has 0% invested in Systemax Inc. (NYSE:SYX) for 74,325 shares. Advisory Ntwk Lc reported 0% in Systemax Inc. (NYSE:SYX). Portolan Mngmt Ltd reported 0.96% stake.

The stock of Systemax Inc. (NYSE:SYX) hit a new 52-week high and has $38.28 target or 4.00 % above today’s $36.81 share price. The 5 months bullish chart indicates low risk for the $1.37B company. The 1-year high was reported on Jun, 13 by If the $38.28 price target is reached, the company will be worth $54.72M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.74% or $0.27 during the last trading session, reaching $36.81. About 71,571 shares traded. Systemax Inc. (NYSE:SYX) has risen 115.13% since June 13, 2017 and is uptrending. It has outperformed by 102.56% the S&P500.

Systemax Inc. operates as a direct marketer of brand name and private label products. The company has market cap of $1.37 billion. The Company’s Industrial Products Group segment sells a range of maintenance, repair, and operation products, including electrical and bulbs; fasteners and hardware; foodservice and appliances; furniture and office products; HVAC/R fans; janitorial and maintenance; material handling; medical and laboratory equipment; metalworking and cutting tools; motors and power transmission products; office and school supplies; outdoor and grounds maintenance products; packaging and supplies; plumbing supplies; pneumatics and hydraulics; raw materials and building supplies; safety and security products; storage and shelving products; tools and instruments; and vehicle maintenance, and workbench and shop desks in North America. It has a 19.03 P/E ratio. The companyÂ’s EMEA Technology Products Group segment sells information and communication technology products, such as computers and mobile devices; computer parts and memory products; servers, and storage and backup products; computer components and accessories; networking and security products; software products; and electronics, and commercial and home networking products.

Systemax Inc. (NYSE:SYX) Institutional Positions Chart

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