Assenagon Asset Management S.A. increased its stake in Systemax Inc. (NYSE:SYX) by 81.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,269 shares of the company’s stock after purchasing an additional 62,661 shares during the period. Assenagon Asset Management S.A.’s holdings in Systemax were worth $3,065,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYX. BlackRock Inc. increased its position in Systemax by 9.3% in the 2nd quarter. BlackRock Inc. now owns 904,143 shares of the company’s stock valued at $20,037,000 after acquiring an additional 76,573 shares during the period. King Luther Capital Management Corp increased its position in Systemax by 4.5% in the 2nd quarter. King Luther Capital Management Corp now owns 779,549 shares of the company’s stock valued at $17,275,000 after acquiring an additional 33,735 shares during the period. Grandeur Peak Global Advisors LLC increased its position in Systemax by 32.9% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 286,298 shares of the company’s stock valued at $6,344,000 after acquiring an additional 70,822 shares during the period. Scout Investments Inc. increased its position in Systemax by 96.0% in the 2nd quarter. Scout Investments Inc. now owns 267,369 shares of the company’s stock valued at $5,925,000 after acquiring an additional 130,952 shares during the period. Finally, Northern Trust Corp increased its position in Systemax by 1.8% in the 2nd quarter. Northern Trust Corp now owns 220,802 shares of the company’s stock valued at $4,892,000 after acquiring an additional 3,932 shares during the period. 29.09% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on SYX shares. Zacks Investment Research upgraded Systemax from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet upgraded Systemax from a “c+” rating to a “b-” rating in a research report on Wednesday, October 2nd.

SYX opened at $22.84 on Friday. Systemax Inc. has a 12 month low of $18.49 and a 12 month high of $34.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.75 and a quick ratio of 1.14. The stock has a market cap of $843.81 million, a P/E ratio of 18.42 and a beta of 0.09. The stock’s 50 day moving average price is $21.78 and its 200 day moving average price is $21.46.

Systemax (NYSE:SYX) last posted its earnings results on Tuesday, July 30th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Systemax had a return on equity of 25.61% and a net margin of 23.14%. The firm had revenue of $248.60 million for the quarter, compared to analysts’ expectations of $247.65 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Systemax Inc. will post 1.27 EPS for the current year.

Systemax Profile

Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.

Further Reading: Hold Rating

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Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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