Crescent Park Management LP Stake In Wex INC (WEX) Was Increased

May 16, 2018 - By Mark Babin

WEX Inc. (NYSE:WEX) Corporate LogoBig Money Sentiment decreased to 1.25 in 2017 Q4. It has change of 0.77, from 2017Q3’s 2.02. The ratio is negative due to WEX positioning: 14 sold and 79 reduced. 49 funds bought positions and 67 increased positions. Investors holded 46.62 million in 2017Q3 but now own 45.93 million shares or 1.50% less. Great West Life Assurance Can invested in 0.01% or 23,381 shs. Guggenheim Cap Ltd Liability Corp holds 36,854 shs or 0.01% of its capital. First Republic Inv Mngmt holds 0% or 2,766 shs. Atlantic Trust Grp Lc holds 88,680 shs. Hightower Advsr Ltd Llc stated it has 2,796 shs. Martin Tn, Tennessee-based fund reported 20,020 shs. Forward Mngmt Llc owns 3,063 shs. Westfield Capital Co Lp has 0.46% invested in WEX Inc. (NYSE:WEX). City holds 0% or 32 shs. Savings Bank Of Montreal Can holds 0.02% or 148,496 shs in its capital. Amalgamated National Bank has 0.03% invested in WEX Inc. (NYSE:WEX) for 8,181 shs. Janney Capital Mgmt Limited Liability Company holds 3,780 shs. Advisory Services Ntwk Limited Liability stated it has 1,485 shs. State Board Of Administration Of Florida Retirement stated it has 0.02% of its capital in WEX Inc. (NYSE:WEX). Diversified stated it has 3,364 shs or 0.03% of all its holdings.

According to 2017Q4 Securities and Exchange filling the Crescent Park Management Lp increased its stake in Wex Inc (WEX) by 37.34%. 71,400 shares were bought by Crescent Park Management Lp as the company’s stock rose 8.53% while stock markets declined. The business services company at the end of 2017Q4 was valued at $37.09 million. It’s up from 191,220 at the end of the previous reported quarter. Now it had 262,620 shares held by the institutional investor . $7.77B is Wex Inc’s MC. WEX reached $180.39 during the last trading session after $1.06 change.Currently WEX Inc. is uptrending after 49.86% change in last May 16, 2017. WEX has 177,053 shares volume. The stock outperformed the S&P500 by 38.31%.

Crescent Park Management Lp has cut its stake in Topbuild Corp and also reduced its holding in Alphabet Inc by 21,200 shares in the quarter, for a total of 15,795 shares.

More recent WEX Inc. (NYSE:WEX) news were published by Prnewswire.com, Businesswire.com and Businesswire.com. The first one has “Infinisource Benefit Services wins CDH Platform Partner of the Year Award from WEX Health, Inc.” as a title and was published on May 04, 2018. The next is “WEX Inc. to Release First Quarter 2018 Financial Results on May 3, 2018” on April 19, 2018. And last was published on May 05, 2018, called “WEX Inc. to Present at the 46th Annual JP Morgan Global Technology, Media and Communications Conference”.

WEX Inc. (NYSE:WEX) Ratings Coverage

Total analysts of 9 have positions in WEX (NYSE:WEX) as follows: 6 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 67%. Since December 21, 2017 according to StockzIntelligence Inc WEX has 14 analyst reports. On Thursday, February 22 Morgan Stanley maintained WEX Inc. (NYSE:WEX) rating. Morgan Stanley has “Equal-Weight” rating and $159 target. On Wednesday, January 17 Credit Suisse maintained the shares of WEX in report with “Buy” rating. On Wednesday, March 14 the stock of WEX Inc. (NYSE:WEX) earned “Equal-Weight” rating by Morgan Stanley. In Thursday, January 4 report Mizuho maintained the stock with “Buy” rating. On Thursday, December 21 the stock has “Buy” rating by Keefe Bruyette & Woods. The stock rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, February 22. On Friday, February 16 the firm has “Buy” rating by SunTrust given. In Thursday, January 25 report Morgan Stanley maintained it with “Equal-Weight” rating and $149 target. On Thursday, February 22 the rating was maintained by Wells Fargo with “Hold”. On Monday, February 5 the firm has “Buy” rating by Oppenheimer given.

WEX Inc. (NYSE:WEX) Institutional Investors Chart

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