As Wex INC (WEX) Stock Rose, Crescent Park Management LP Has Raised Holding

April 22, 2018 - By reb123z

WEX Inc. (NYSE:WEX) LogoInvestors sentiment decreased to 1.25 in Q4 2017. Its down 0.77, from 2.02 in 2017Q3. It is negative, as 14 investors sold WEX shares while 79 reduced holdings. 49 funds opened positions while 67 raised stakes. 45.93 million shares or 1.50% less from 46.62 million shares in 2017Q3 were reported. Blackrock has 3.27 million shares. Captrust Advsrs holds 0% or 164 shares. Texas Permanent School Fund stated it has 26,975 shares or 0.05% of all its holdings. Bessemer Gru invested in 243 shares. Symphony Asset Management Limited Liability Company stated it has 0.07% of its portfolio in WEX Inc. (NYSE:WEX). Quantitative Investment Management Ltd Liability Corporation holds 47,000 shares. Moreover, Rafferty Asset Mngmt Ltd Com has 0.02% invested in WEX Inc. (NYSE:WEX) for 8,553 shares. American Grp has 82,641 shares for 0.04% of their portfolio. Moreover, Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma has 2.54% invested in WEX Inc. (NYSE:WEX) for 979,252 shares. Bancorporation stated it has 2,704 shares. Citigroup holds 0% of its portfolio in WEX Inc. (NYSE:WEX) for 8,535 shares. State Of New Jersey Common Pension Fund D has 18,300 shares. Daiwa Securities invested 0.06% of its portfolio in WEX Inc. (NYSE:WEX). Deutsche Retail Bank Ag stated it has 258,817 shares. Morgan Stanley holds 0% or 70,990 shares.

Crescent Park Management Lp increased its stake in Wex Inc (WEX) by 37.34% based on its latest 2017Q4 regulatory filing with the SEC. Crescent Park Management Lp bought 71,400 shares as the company’s stock rose 8.53% while stock markets declined. The institutional investor held 262,620 shares of the business services company at the end of 2017Q4, valued at $37.09M, up from 191,220 at the end of the previous reported quarter. Crescent Park Management Lp who had been investing in Wex Inc for a number of months, seems to be bullish on the $6.96 billion market cap company. The stock decreased 0.88% or $1.43 during the last trading session, reaching $161.65. About 124,470 shares traded. WEX Inc. (NYSE:WEX) has risen 49.86% since April 22, 2017 and is uptrending. It has outperformed by 38.31% the S&P500.

Crescent Park Management Lp, which manages about $466.84M and $516.93M US Long portfolio, decreased its stake in Topbuild Corp by 197,250 shares to 197,250 shares, valued at $14.94 million in 2017Q4, according to the filing.

WEX Inc. (NYSE:WEX) Ratings Coverage

Among 9 analysts covering WEX (NYSE:WEX), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. WEX had 16 analyst reports since November 2, 2017 according to SRatingsIntel. Morgan Stanley maintained the shares of WEX in report on Wednesday, March 14 with “Equal-Weight” rating. The rating was maintained by Credit Suisse on Thursday, February 22 with “Outperform”. The company was maintained on Friday, February 16 by SunTrust. The firm has “Equal-Weight” rating given on Thursday, January 25 by Morgan Stanley. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, February 22 report. The company was maintained on Wednesday, January 17 by Credit Suisse. The stock of WEX Inc. (NYSE:WEX) has “Outperform” rating given on Thursday, November 2 by Oppenheimer. The firm earned “Equal-Weight” rating on Thursday, November 2 by Barclays Capital. On Thursday, February 22 the stock rating was maintained by Wells Fargo with “Hold”. Barclays Capital maintained WEX Inc. (NYSE:WEX) rating on Thursday, February 22. Barclays Capital has “Equal-Weight” rating and $170 target.

WEX Inc. (NYSE:WEX) Institutional Positions Chart

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