Trex (TREX) Holder Emerald Mutual Fund Advisers Trust Trimmed Its Stake by $1.46 Million as Stock Rose; As Cisco Systems (CSCO) Shares Declined, Stack Financial Management Cut Position

Trex (TREX) Holder Emerald Mutual Fund Advisers Trust Trimmed Its Stake by $1.46 Million as Stock Rose; As Cisco Systems (CSCO) Shares Declined, Stack Financial Management Cut Position






July 17, 2018 – By Robert Shackelford

Cisco Systems, Inc. (NASDAQ:CSCO) Logo

Stack Financial Management Inc decreased its stake in Cisco Systems Inc. (CSCO) by 2.05% based on its latest 2018Q1 regulatory filing with the SEC. Stack Financial Management Inc sold 23,779 shares as the company’s stock declined 4.63% with the market. The institutional investor held 1.14M shares of the technology company at the end of 2018Q1, valued at $48.69 million, down from 1.16 million at the end of the previous reported quarter. Stack Financial Management Inc who had been investing in Cisco Systems Inc. for a number of months, seems to be less bullish one the $199.87B market cap company. The stock increased 1.72% or $0.72 during the last trading session, reaching $42.5. About 22.36M shares traded or 0.60% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since July 17, 2017 and is uptrending. It has outperformed by 25.03% the S&P500. Some Historical CSCO News: 29/03/2018 – Exclusive: AT&T Develops Networking Switch, in Blow to Cisco; 15/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Macy’s goes for two quarters of sales growth in a row; 29/03/2018 – MFS Massachusetts Investors Trust Adds Cisco, Cuts Alphabet; 08/03/2018 – Cisco’s local business in each Southeast Asian market was growing at double the rate of GDP, Naveen Menon, president of Southeast Asia at Cisco said; 16/05/2018 – Cisco Systems Sees Total Pretax Cash Charges of $300M for Restructurin; 01/05/2018 – Cisco Announces May 2018 Event with the Financial Community; 26/03/2018 – Silicon Valley Business Journal: Breaking: Cisco pledges $50 million over five years to wipe out #homelessness in Santa Clara; 21/03/2018 – Slack Technologies builds engineering team to combat outages; 13/03/2018 – Cisco Meraki Takes its Bug Bounty Program Public with Bugcrowd; 08/05/2018 – Tech Today: Arista Storms Cisco’s Turf, Impinj Soars, Snap’s New Blood — Barron’s Blog

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 $31.53 million, 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 $3.89 billion market cap company. The stock increased 1.18% or $0.77 during the last trading session, reaching $66.08. About 365,983 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 86.04% since July 17, 2017 and is uptrending. It has outperformed by 73.47% the S&P500. Some Historical TREX News: 15/05/2018 – Ivy Investment Management Company Buys 1.5% Position in Trex; 13/04/2018 – Trex® Spiral Stairs™ Introduces New Multi-Line Railing System; 12/03/2018 – Trex Company Marketing Scheduled By FBR for Mar. 19-20; 07/05/2018 – TREX COMPANY INC TREX.N FY2018 REV VIEW $649.7 MLN — THOMSON REUTERS l/B/E/S; 05/03/2018 VP Gupp Gifts 429 Of Trex Company Inc; 23/03/2018 – Trex Closes Below 50-Day Moving Average: Technicals; 07/05/2018 – TREX 1Q EPS $1.25; 07/05/2018 – Trex Co 1Q Net $37.1M; 10/04/2018 – Trex Tops 2018 Builder Brand Study; 16/05/2018 – Trex Company Announces June 2018 Investor Conference Schedule

Since February 20, 2018, it had 0 buys, and 4 sales for $3.63 million activity. SARIN ARUN also sold $625,751 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Tuesday, February 20. Shares for $550,153 were sold by BURNS M MICHELE on Monday, February 26.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 15. They expect $0.63 EPS, up 14.55% or $0.08 from last year’s $0.55 per share. CSCO’s profit will be $2.96B for 16.87 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.

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.30, from 1.03 in 2017Q4. It dropped, 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. New England Rech & holds 69,175 shares. Kingfisher Cap Limited Liability Corp has 1.43% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Clearbridge Invests Lc has invested 0.3% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Grandfield And Dodd Ltd has 0.05% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Foundation Mngmt invested in 2.9% or 336,859 shares. Segall Bryant Hamill holds 0.17% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 173,822 shares. Tiedemann Advsrs Limited Liability invested 0.23% in Cisco Systems, Inc. (NASDAQ:CSCO). Bkd Wealth Lc has invested 0.6% in Cisco Systems, Inc. (NASDAQ:CSCO). New Jersey Better Educational Savings Trust stated it has 18,000 shares. Federated Investors Pa accumulated 1.76 million shares or 0.22% of the stock. Moreover, Klingenstein Fields Limited Co has 0.18% invested in Cisco Systems, Inc. (NASDAQ:CSCO) for 109,180 shares. Thompson Rubinstein Mngmt Inc Or owns 112,031 shares. Northwest Invest Counselors Ltd holds 75,581 shares or 1.36% of its portfolio. Philadelphia Trust has invested 0.94% in Cisco Systems, Inc. (NASDAQ:CSCO). Crestwood Advisors Group Ltd holds 732,162 shares or 2.46% of its portfolio.

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 173 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Hold” rating by Needham on Tuesday, October 24. The stock has “Buy” rating by Jefferies on Thursday, February 15. The stock has “Buy” rating by Robert W. Baird on Thursday, June 29. The firm earned “Buy” rating on Monday, February 8 by Goldman Sachs. The firm has “Buy” rating by Argus Research given on Friday, November 17. The firm has “Outperform” rating given on Thursday, August 18 by Cowen & Co. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, August 18. The firm earned “Buy” rating on Thursday, August 13 by Piper Jaffray. The stock has “Buy” rating by RBC Capital Markets on Monday, July 31. As per Wednesday, June 21, the company rating was maintained by J.P. Morgan.

Stack Financial Management Inc, which manages about $1.09B and $846.61M US Long portfolio, upped its stake in Schlumberger Ltd. (NYSE:SLB) by 19,228 shares to 395,863 shares, valued at $25.64M in 2018Q1, according to the filing.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Check Point Software: Valuation Metrics Are Off, Downside Risks Ahead” on July 16, 2018, also Seekingalpha.com with their article: “Cisco Earnings Will Bring Answers” published on July 11, 2018, Nasdaq.com published: “Why Extreme Networks, Inc. Shares Fell 36% in the First Half of 2018” on July 16, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco: The Safe Bet In Technology” published on July 12, 2018 as well as Seekingalpha.com‘s news article titled: “Cisco Is Growing Revenues Again” with publication date: June 28, 2018.

Emerald Mutual Fund Advisers Trust, which manages about $1.06B and $2.55 billion US Long portfolio, upped its stake in Carpenter Technology Corp (NYSE:CRS) by 50,000 shares to 470,438 shares, valued at $20.76 million in 2018Q1, according to the filing. It also increased its holding in Dycom Industries Inc (NYSE:DY) by 9,897 shares in the quarter, for a total of 231,871 shares, and has risen its stake in Cass Information Sys Inc (NASDAQ:CASS).

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on July, 30. They expect $0.64 EPS, up 30.61% or $0.15 from last year’s $0.49 per share. TREX’s profit will be $37.67 million for 25.81 P/E if the $0.64 EPS becomes a reality. After $0.63 actual EPS reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts 1.59% EPS growth.

Among 10 analysts covering Trex Co (NYSE:TREX), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Trex Co had 29 analyst reports since September 24, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Buy” rating in Thursday, February 22 report. The firm earned “Outperform” rating on Thursday, September 24 by Wedbush. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, November 22. As per Tuesday, May 8, the company rating was maintained by FBR Capital. Seaport Global upgraded Trex Company, Inc. (NYSE:TREX) rating on Thursday, June 1. Seaport Global has “Buy” rating and $74 target. The stock of Trex Company, Inc. (NYSE:TREX) has “Buy” rating given on Wednesday, January 3 by B. Riley & Co. The firm has “Buy” rating by FBR Capital given on Thursday, March 22. The rating was downgraded by Sidoti to “Hold” on Monday, October 2. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, October 31 report. Wedbush maintained the stock with “Neutral” rating in Wednesday, October 19 report.

More news for Trex Company, Inc. (NYSE:TREX) were recently published by: Businesswire.com, which released: “Trex Company Announces Timing of Second Quarter 2018 Earnings Release and Conference Call” on July 09, 2018. Businesswire.com‘s article titled: “Trex Company’s 2-For-1 Stock Split Becomes Effective Today” and published on June 19, 2018 is yet another important article.

Trex Company, Inc. (NYSE:TREX) Institutional Positions Chart

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