Will Systemax’s Top Institutional Shareholders Dodge The Street View and Seek Surprise?

In 2012, Systemax Inc.’s (NYSE:SYX) shares are down 28.4 percent. On May 31, The Street downgraded the company’s stock from a “Buy” to “Hold.” They found a number of strengths for the company including attractive valuation levels, positive cash flow from operations and a solid financial position with reasonable debt levels. But with Systemax’s weaknesses: unimpressive growth in net income and disappointing return on equity and stock performance, came the concerns.

With the recent downgrade, will Systemax’s largest shareholders increase or decrease their positions? 101 institutional firms indicated owning shares of Systemax Inc. (NYSE:SYX) in Q1 2012. These firms reported owning a total of 7.507 million shares on 03/31/2012. The shares closed at $16.86 on 03/31/2012.

Here are the ten largest positions in Systemax Inc. at the end of March 31st, 2012.

Prescott General Partners LLC held 2,197,851 shares on 03/31/2012 worth $37,055,769. This brought the portfolio total to 3.2%.

Vanguard Group Inc held 673,097 shares on 03/31/2012 worth $11,348,416. This brought the portfolio total to 0.0%.

Royce & Associates LLC held 582,661 shares on 03/31/2012 worth $9,823,665. This brought the portfolio total to 0.03%.

Blackrock Institutional Trust Company N.A. held 294,236 shares on 03/31/2012 worth $4,960,819. This brought the portfolio total to 0.0%.

State Street Corp held 253,760 shares on 03/31/2012 worth $4,278,394. This brought the portfolio total to 0.0%.

Lsv Asset Management held 223,290 shares on 03/31/2012 worth $3,764,670. This brought the portfolio total to 0.01%.

Blackrock Fund Advisors held 210,576 shares on 03/31/2012 worth $3,550,311. This brought the portfolio total to 0.0%.

Goodhaven Capital Management LLC held 192,567 shares on 03/31/2012 worth $3,246,680. This brought the portfolio total to 2.04%.

Vassalluzzo Scott J held 192,018 shares on 03/31/2012 worth $3,237,424. This brought the portfolio total to 4.53%.

Numeric Investors LLC held 185,833 shares on 03/31/2012 worth $3,133,144. This brought the portfolio total to 0.06%.

About the company: Systemax Inc. is a direct marketer of private label and brand name personal computers and related supplies, as well as industrial products, through branded websites and direct mail catalogs. The Company offers its own brand of Systemax built-to-order personal computers, including desktops and servers. Systemax operates in North America and in Europe.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:   , , , , , ,