As Cisco Systems (CSCO) Stock Price Declined, Hgk Asset Management Has Trimmed by $4.50 Million Its Holding; Emerald Mutual Fund Advisers Trust Trimmed Position in Trex (TREX) by $1.46 Million as Share Price Rose

August 10, 2018 - By Catherine Smith

Trex Company, Inc. (NYSE:TREX) Logo

Emerald Mutual Fund Advisers Trust decreased its stake in Trex Inc (TREX) by 4.44% based on its latest 2018Q1 regulatory filing with the SEC. Emerald Mutual Fund Advisers Trust sold 13,480 shares as the company’s stock rose 4.88% while stock markets declined. The institutional investor held 289,859 shares of the basic industries company at the end of 2018Q1, valued at $31.53M, down from 303,339 at the end of the previous reported quarter. Emerald Mutual Fund Advisers Trust who had been investing in Trex Inc for a number of months, seems to be less bullish one the $4.61 billion market cap company. The stock increased 1.22% or $0.95 during the last trading session, reaching $78.73. About 294,073 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 86.04% since August 10, 2017 and is uptrending. It has outperformed by 73.47% the S&P500. Some Historical TREX News: 04/05/2018 – Trex Company Announces Plastic Film Recycling Challenge Winners; 16/05/2018 – Trex Presenting at Conference Jun 6; 19/04/2018 – DJ Trex Company Inc, Inst Holders, 1Q 2018 (TREX); 15/03/2018 – Trex Gives the Gift of Green to One Lucky Winner; 15/05/2018 – Ivy Investment Management Company Buys 1.5% Position in Trex; 19/03/2018 – Trex at Company Marketing Hosted By B. Riley FBR, Inc. Today; 07/05/2018 – TREX 1Q EPS $1.25; 07/05/2018 – Trex Co 1Q Net $37.1M; 13/04/2018 – Trex® Spiral Stairs™ Introduces New Multi-Line Railing System; 07/05/2018 – TREX COMPANY INC TREX.N FY2018 REV VIEW $649.7 MLN — THOMSON REUTERS l/B/E/S

Hgk Asset Management Inc decreased its stake in Cisco Systems Inc. (CSCO) by 25% based on its latest 2018Q1 regulatory filing with the SEC. Hgk Asset Management Inc sold 107,219 shares as the company’s stock declined 4.63% with the market. The institutional investor held 321,728 shares of the technology company at the end of 2018Q1, valued at $13.80 million, down from 428,947 at the end of the previous reported quarter. Hgk Asset Management Inc who had been investing in Cisco Systems Inc. for a number of months, seems to be less bullish one the $210.72B market cap company. The stock decreased 1.15% or $0.51 during the last trading session, reaching $43.74. About 19.03 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since August 10, 2017 and is uptrending. It has outperformed by 25.03% the S&P500. Some Historical CSCO News: 02/04/2018 – NHS Introduces New Name and Logo as “Merakey”; 22/03/2018 – Federal services provider CSRA partners with Google Cloud; 26/03/2018 – Silicon Valley Business Journal: Breaking: Cisco pledges $50 million over five years to wipe out #homelessness in Santa Clara; 28/03/2018 – ARISTA NETWORKS INC – ALJ SUPPORTED SUSPENSION OF REMEDIES CONCERNING ‘668 PATENT PENDING COMPLETION OF CISCO’S APPEALS OF DECISION; 16/05/2018 – Cisco Systems 3Q EPS 56c; 28/03/2018 – ARISTA NETWORKS SAYS ON MARCH 23, ADMINISTRATIVE LAW JUDGE AT INTERNATIONAL TRADE COMMISSION ISSUED A RECOMMENDED DETERMINATION – SEC FILING; 23/05/2018 – ♫ Reuters Insider – Cisco warns of major potential hack in Ukraine; 23/05/2018 – ♫ Reuters Insider – Cyber firms warn on suspected Russian plan to attack Ukraine; 23/05/2018 – Ukraine cyber police aware of possible new threat -police chief; 01/05/2018 – Permira Funds to Acquire Cisco’s Service Provider Video Software Solutions Business

Among 10 analysts covering Trex Co (NYSE:TREX), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Trex Co had 31 analyst reports since September 24, 2015 according to SRatingsIntel. Seaport Global maintained the stock with “Buy” rating in Thursday, January 11 report. The stock of Trex Company, Inc. (NYSE:TREX) has “Hold” rating given on Thursday, February 22 by Stifel Nicolaus. The rating was maintained by SunTrust with “Hold” on Thursday, February 22. The firm has “Outperform” rating given on Friday, February 26 by FBR Capital. FBR Capital downgraded Trex Company, Inc. (NYSE:TREX) rating on Tuesday, November 22. FBR Capital has “Mkt Perform” rating and $61 target. As per Thursday, July 13, the company rating was maintained by Stifel Nicolaus. The stock of Trex Company, Inc. (NYSE:TREX) has “Buy” rating given on Wednesday, January 3 by FBR Capital. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, July 31. FBR Capital maintained it with “Buy” rating and $126.0 target in Thursday, February 22 report. Wedbush maintained the shares of TREX in report on Tuesday, January 17 with “Neutral” rating.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on October, 29. They expect $0.53 earnings per share, up 55.88% or $0.19 from last year’s $0.34 per share. TREX’s profit will be $31.03 million for 37.14 P/E if the $0.53 EPS becomes a reality. After $0.73 actual earnings per share reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts -27.40% negative EPS growth.

More notable recent Trex Company, Inc. (NYSE:TREX) news were published by: Nasdaq.com which released: “Mid-Afternoon Market Update: Dow Rises Over 150 Points; IPG Photonics Shares Fall On Earnings Miss” on July 31, 2018, also Fool.com with their article: “Why Allison Transmission Holdings, Naked Brand Group, and Trex Jumped Today” published on July 31, 2018, Seekingalpha.com published: “What’s Next? How About Some Trex” on July 31, 2018. More interesting news about Trex Company, Inc. (NYSE:TREX) were released by: Businesswire.com and their article: “Trex Company Reports Record Second Quarter 2018 Results” published on July 30, 2018 as well as Fool.com‘s news article titled: “Why Trex Company Inc.’s Stock Is Soaring Today” with publication date: July 31, 2018.

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.15, from 1.06 in 2017Q4. It worsened, as 31 investors sold TREX shares while 84 reduced holdings. 34 funds opened positions while 71 raised stakes. 25.26 million shares or 1.41% less from 25.62 million shares in 2017Q4 were reported. Frontier Cap Mngmt Ltd, Massachusetts-based fund reported 279,378 shares. Tiaa Cref Mgmt Llc owns 90,528 shares. Dubuque Bancshares stated it has 1,229 shares or 0.02% of all its holdings. Clearbridge Limited Liability Company accumulated 1.60M shares. Sei Investments holds 2,390 shares. Parametric Portfolio Lc accumulated 80,137 shares. Moreover, Prudential Financial has 0.01% invested in Trex Company, Inc. (NYSE:TREX) for 49,967 shares. California Public Employees Retirement System invested 0.02% in Trex Company, Inc. (NYSE:TREX). Paloma Prns Mgmt Company reported 8,024 shares or 0.01% of all its holdings. Old Mutual Glob Invsts (Uk) Ltd holds 0.22% or 257,761 shares. 2,675 were accumulated by Suntrust Banks. State Of Tennessee Treasury Department has invested 0.01% in Trex Company, Inc. (NYSE:TREX). Strs Ohio reported 0.01% in Trex Company, Inc. (NYSE:TREX). Price T Rowe Assocs Md has 0% invested in Trex Company, Inc. (NYSE:TREX). Hl Fin Serv Limited Liability Corporation invested 0.09% in Trex Company, Inc. (NYSE:TREX).

Emerald Mutual Fund Advisers Trust, which manages about $1.06 billion and $2.55B US Long portfolio, upped its stake in Madden Steven Ltd (NASDAQ:SHOO) by 38,000 shares to 499,474 shares, valued at $21.93 million in 2018Q1, according to the filing. It also increased its holding in Shenandoah Telecommunication (NASDAQ:SHEN) by 94,308 shares in the quarter, for a total of 197,613 shares, and has risen its stake in H&E Equipment Services Inc (NASDAQ:HEES).

Since February 20, 2018, it had 2 buys, and 11 sales for $7.39 million activity. Golden Michael F had sold 4,051 shares worth $437,754 on Tuesday, February 27. 3,500 Trex Company, Inc. (NYSE:TREX) shares with value of $376,164 were sold by Gerhard Christopher Paul. $4,192 worth of Trex Company, Inc. (NYSE:TREX) shares were bought by SCRIPTER JAY T. Gupp William R. sold 3,500 shares worth $370,973. MERLOTTI FRANK H JR sold $165,125 worth of stock or 1,481 shares. $2.31 million worth of Trex Company, Inc. (NYSE:TREX) was sold by Cline James E on Thursday, February 22.

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.30, from 1.03 in 2017Q4. It is negative, as 66 investors sold CSCO shares while 798 reduced holdings. 170 funds opened positions while 464 raised stakes. 3.40 billion shares or 4.18% less from 3.54 billion shares in 2017Q4 were reported. Harbour Invest Management Limited Liability Corporation stated it has 57,565 shares or 1.84% of all its holdings. Vestor Lc has invested 0.57% in Cisco Systems, Inc. (NASDAQ:CSCO). Moreover, Riverhead Capital Mngmt has 0.38% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Canada Pension Plan Investment Board has 3.62 million shares for 0.26% of their portfolio. Moreover, Essex Service has 0.79% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 93,452 shares. Mississippi-based Hancock has invested 0.16% in Cisco Systems, Inc. (NASDAQ:CSCO). Stadion Money Ltd Liability accumulated 35,262 shares or 0.05% of the stock. Argent Tru Com reported 0.57% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Barnett & Company invested in 0.06% or 2,714 shares. Plante Moran Finance Advsrs Limited Liability invested in 0.45% or 19,341 shares. America First Inv Advisors Lc holds 100 shares. Bnp Paribas Arbitrage Sa invested in 3.31 million shares. Pring Turner Cap Group holds 3.42% in Cisco Systems, Inc. (NASDAQ:CSCO) or 76,611 shares. Yacktman Asset Mgmt Lp holds 5.78% or 13.09 million shares in its portfolio. Bank Of New York Mellon has invested 1.34% in Cisco Systems, Inc. (NASDAQ:CSCO).

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 15 after the close. They expect $0.63 EPS, up 14.55% or $0.08 from last year’s $0.55 per share. CSCO’s profit will be $3.04 billion for 17.36 P/E if the $0.63 EPS becomes a reality. After $0.60 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Nasdaq.com which released: “Amazon Isn’t Coming After Cisco, After All” on July 20, 2018, also Nasdaq.com with their article: “3 Dividend Stocks Perfect for Retirees” published on August 07, 2018, Nasdaq.com published: “7 Tech Stocks That Pay Dividends” on August 07, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco Dividend: By The Numbers” published on July 18, 2018 as well as Seekingalpha.com‘s news article titled: “Cisco Acquisition Of Duo Security Makes Sense” with publication date: August 03, 2018.

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Cisco Systems Inc. had 174 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 13 by Robert W. Baird. The rating was maintained by KeyBanc Capital Markets on Thursday, November 16 with “Overweight”. UBS maintained it with “Buy” rating and $5100 target in Thursday, May 17 report. The firm earned “Buy” rating on Thursday, August 18 by UBS. JP Morgan maintained the stock with “Neutral” rating in Thursday, May 19 report. The rating was maintained by Jefferies on Wednesday, August 2 with “Buy”. The company was initiated on Tuesday, November 14 by Wells Fargo. Citigroup maintained the stock with “Buy” rating in Tuesday, August 9 report. The company was maintained on Thursday, February 11 by Deutsche Bank. The firm has “Buy” rating given on Tuesday, September 5 by Jefferies.

Hgk Asset Management Inc, which manages about $4.73 billion and $660.12 million US Long portfolio, upped its stake in Mckesson Corp. (NYSE:MCK) by 5,629 shares to 91,304 shares, valued at $12.86 million in 2018Q1, according to the filing. It also increased its holding in Allstate Corp. (NYSE:ALL) by 67,496 shares in the quarter, for a total of 138,922 shares, and has risen its stake in Occidental Petroleu (NYSE:OXY).

Since February 20, 2018, it had 0 buys, and 4 sales for $3.63 million activity. On Monday, February 26 BURNS M MICHELE sold $550,153 worth of Cisco Systems, Inc. (NASDAQ:CSCO) or 12,126 shares. SARIN ARUN had sold 14,189 shares worth $625,751 on Tuesday, February 20.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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