Msd Capital L P Exits Position in WEX Inc (WEX)

WEX Inc (WEX) : Msd Capital L P has sold out all of its stake in WEX Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 44,115 shares of WEX Inc which is valued at $4,471,938.

Other Hedge Funds, Including , Fdx Advisors reduced its stake in WEX by selling 1,573 shares or 17.33% in the most recent quarter. The Hedge Fund company now holds 7,504 shares of WEX which is valued at $760,680. WEX Inc makes up approx 0.03% of Fdx Advisors’s portfolio.Profund Advisors reduced its stake in WEX by selling 601 shares or 9.68% in the most recent quarter. The Hedge Fund company now holds 5,609 shares of WEX which is valued at $583,448. WEX Inc makes up approx 0.03% of Profund Advisors’s portfolio. Trustmark National Bank Trust Department sold out all of its stake in WEX during the most recent quarter. The investment firm sold 2,292 shares of WEX which is valued $238,414.New York State Common Retirement Fund reduced its stake in WEX by selling 9,000 shares or 9.7% in the most recent quarter. The Hedge Fund company now holds 83,800 shares of WEX which is valued at $8,713,524. WEX Inc makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.

WEX Inc closed down -0.04 points or -0.04% at $106.45 with 2,59,984 shares getting traded on Monday. Post opening the session at $106.82, the shares hit an intraday low of $106.31 and an intraday high of $107.355 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, WEX Inc reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.13. The company had revenue of $287.80 million for the quarter, compared to analysts expectations of $280.59 million. The company’s revenue was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

Many Wall Street Analysts have commented on WEX Inc. WEX Inc was Downgraded by Credit Suisse to ” Neutral” on Oct 31, 2016. WEX Inc was Upgraded by CLSA to ” Outperform” on Sep 1, 2016.

WEX Inc. is a provider of corporate payment solutions. The Company operates in two segments: Fleet Payment Solutions and Other Payment Solutions. The Company’s Fleet Payment Solutions segment provides customers with fleet vehicle payment processing services for commercial and Government fleets. Its Other Payment Solutions segment comprises its virtual healthcare paycard and prepaid products. The Company’s United States operations include the Company and its wholly owned subsidiaries WEX Bank FleetOne and Evolution1. Its international operations include its wholly owned subsidiaries WEX Fuel Cards Australia WEX Prepaid Cards Australia WEX New Zealand WEX Europe Limited UNIK S.A. and WEX Europe Services Limited and its subsidiaries.

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