Wex INC (WEX) Shareholder Crescent Park Management LP Increased Its Stake by $10.07 Million

May 16, 2018 - By Joseph Norton

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 dived due to WEX positioning: 14 sold and 79 reduced. 49 funds amassed positions and 67 increased positions. Investors holded 46.62 million in 2017Q3 but now own 45.93 million shares or 1.50% less. Citadel Advisors stated it has 374,821 shs. Renaissance Technologies Ltd Liability Co reported 60,869 shs. Neuberger Berman Ltd Liability Corp owns 1.90M shs for 0.31% of their capital. Federated Investors Pa holds 0.01% or 13,718 shs in its capital. Illinois-based Guggenheim Lc has invested 0.01% in WEX Inc. (NYSE:WEX). 428,755 are owned by Daruma Capital Limited. Blair William Il owns 355,082 shs or 0.34% of their US capital. Brinker Cap has invested 0.04% in WEX Inc. (NYSE:WEX). Advantus Cap Management owns 4,915 shs. Verition Fund Management Ltd Limited Liability Company owns 0.08% invested in WEX Inc. (NYSE:WEX) for 6,400 shs. Zweig reported 85,284 shs stake. South Dakota Council reported 23,100 shs stake. Fiera Cap Corporation invested 0% in WEX Inc. (NYSE:WEX). Kornitzer Capital Mgmt Ks owns 25,170 shs. Principal Financial accumulated 0.02% or 170,158 shs.

Crescent Park Management Lp’s holdings in Wex Inc (WEX) is increased by 37.34% based on its latest 2017Q4 regulatory filing with the SEC. The company’s stock popped up 8.53% while Crescent Park Management Lp bought 71,400 shares. At the end of 2017Q4, the 262,620 shares of the business services company held by the institutional investor were valued at $37.09 million, up from 191,220 at the end of the previous reported quarter. Wex Inc has $7.77B MC. WEX touched $180.39 during the last trading session after $1.06 change.WEX Inc. has volume of 177,053 shares. Since May 16, 2017 WEX has risen 49.86% and is uptrending. WEX outperformed the S&P 500 by 38.31%.

Crescent Park Management Lp has cut its stake in Topbuild Corp and also reduced its holding in Visa Inc (NYSE:V) by 54,800 shares in the quarter, for a total of 311,156 shares.

More recent WEX Inc. (NYSE:WEX) news were released 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 released 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 released 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

In total 9 analysts cover WEX (NYSE:WEX). “Buy” rating has 6, “Sell” are 0, while 3 are “Hold”. 67% are bullish. 14 are the (NYSE:WEX)’s analyst reports since December 21, 2017 according to StockzIntelligence Inc. On Friday, February 16 the firm has “Buy” rating by SunTrust given. On Thursday, February 22 the stock of WEX Inc. (NYSE:WEX) has “Outperform” rating given by Credit Suisse. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, March 14. On Thursday, December 21 the rating was maintained by Keefe Bruyette & Woods with “Buy”. On Thursday, January 4 the rating was maintained by Mizuho with “Buy”. On Thursday, April 26 Citigroup upgraded WEX Inc. (NYSE:WEX) to “Buy” rating. The company rating was maintained by Barclays Capital on Thursday, February 22. In Thursday, February 22 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Thursday, February 22 the firm has “Hold” rating by Wells Fargo given. On Thursday, January 25 the stock of WEX Inc. (NYSE:WEX) has “Equal-Weight” rating given by Morgan Stanley.

WEX Inc. (NYSE:WEX) Institutional Investors Chart

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