Seacoast Bank (SBCF) Holder Cutler Capital Management Has Cut Its Holding by $1.09 Million as Shares Rose; As Wesco Intl (WCC) Stock Value Declined, Holder Boothbay Fund Management Decreased Its Position by $545,600

August 12, 2018 - By Mark Babin

WESCO International, Inc. (NYSE:WCC) Logo

Cutler Capital Management Llc decreased its stake in Seacoast Bank (SBCF) by 59.26% based on its latest 2018Q1 regulatory filing with the SEC. Cutler Capital Management Llc sold 42,113 shares as the company’s stock rose 16.44% while stock markets declined. The institutional investor held 28,956 shares of the major banks company at the end of 2018Q1, valued at $766,000, down from 71,069 at the end of the previous reported quarter. Cutler Capital Management Llc who had been investing in Seacoast Bank for a number of months, seems to be less bullish one the $1.41B market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $29.94. About 183,906 shares traded. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has risen 39.16% since August 12, 2017 and is uptrending. It has outperformed by 26.59% the S&P500. Some Historical SBCF News: 04/05/2018 – DJ Seacoast Commerce Banc Holdings, Inst Holders, 1Q 2018 (SCBH); 01/05/2018 – Seacoast Banking Presenting at Conference May 22; 25/04/2018 – Sen. Hassan: Seacoast Online Editorial: Hospital’s opioid treatment program shows great promise; 01/05/2018 – Seacoast Banking at Non-Deal Roadshow Hosted By SunTrust Today; 20/03/2018 Sen. Hassan: Seacoast Online: Senator Hassan: Women deserve medical facts, not falsehoods

Boothbay Fund Management Llc decreased its stake in Wesco Intl Inc (WCC) by 72.13% based on its latest 2018Q1 regulatory filing with the SEC. Boothbay Fund Management Llc sold 8,800 shares as the company’s stock declined 10.61% with the market. The institutional investor held 3,400 shares of the consumer non-durables company at the end of 2018Q1, valued at $211,000, down from 12,200 at the end of the previous reported quarter. Boothbay Fund Management Llc who had been investing in Wesco Intl Inc for a number of months, seems to be less bullish one the $2.78 billion market cap company. The stock decreased 1.50% or $0.9 during the last trading session, reaching $58.95. About 245,881 shares traded. WESCO International, Inc. (NYSE:WCC) has declined 3.99% since August 12, 2017 and is downtrending. It has underperformed by 16.56% the S&P500. Some Historical WCC News: 26/04/2018 – WESCO INTERNATIONAL INC WCC.N FY2018 SHR VIEW $4.67, REV VIEW $8.09 BLN — THOMSON REUTERS l/B/E/S; 26/04/2018 – Wesco International 1Q Net $44.4M; 17/05/2018 – Wincove Recapitalizes Nordock to Join Bluff and Wesco in Serving the Material Handling and Warehouse Safety Products Markets; 26/04/2018 – Wesco International Sees 1Q EPS $4.50-EPS $5.00; 26/04/2018 – WESCO INTERNATIONAL INC WCC.N REAFFIRMS FY 2018 SHR VIEW $4.50 TO $5.00; 26/04/2018 – Wesco International 1Q EPS 93c; 02/04/2018 – Fidelity Value Strategies Adds Analog Devices, Exits Wesco; 16/04/2018 – WESCO INTERNATIONAL INC SAYS CEO JOHN J. ENGEL’S 2017 TOTAL COMPENSATION WAS $6.96 MLN VS $70.01 MLN IN 2016 — SEC FILING; 16/03/2018 – Wesco Closes Above 50-Day Moving Average: Technicals; 23/04/2018 – Wesco Presenting at Electrical Products Group Conference May 23

Analysts await WESCO International, Inc. (NYSE:WCC) to report earnings on October, 25. They expect $1.35 earnings per share, up 20.54% or $0.23 from last year’s $1.12 per share. WCC’s profit will be $63.60M for 10.92 P/E if the $1.35 EPS becomes a reality. After $1.22 actual earnings per share reported by WESCO International, Inc. for the previous quarter, Wall Street now forecasts 10.66% EPS growth.

Boothbay Fund Management Llc, which manages about $486.48M and $844.48M US Long portfolio, upped its stake in Netflix Inc (NASDAQ:NFLX) by 35,265 shares to 47,647 shares, valued at $14.07M in 2018Q1, according to the filing. It also increased its holding in Discovery Communicatns New (NASDAQ:DISCK) by 211,333 shares in the quarter, for a total of 221,269 shares, and has risen its stake in Interxion Holding N.V (NYSE:INXN).

Since February 22, 2018, it had 0 insider buys, and 4 selling transactions for $217,917 activity.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.32, from 1.27 in 2017Q4. It dropped, as 21 investors sold WCC shares while 78 reduced holdings. 32 funds opened positions while 62 raised stakes. 45.18 million shares or 3.47% less from 46.81 million shares in 2017Q4 were reported. Investec Asset North America owns 0.09% invested in WESCO International, Inc. (NYSE:WCC) for 18,945 shares. Parkside Comml Bank Trust has invested 0.02% of its portfolio in WESCO International, Inc. (NYSE:WCC). Virginia Retirement Et Al owns 37,700 shares. Pinnacle Associates holds 0.02% in WESCO International, Inc. (NYSE:WCC) or 16,350 shares. Profit Investment Ltd Liability Com, a Maryland-based fund reported 33,824 shares. Alphaone Inv Services Ltd Limited Liability Company has 0.01% invested in WESCO International, Inc. (NYSE:WCC) for 600 shares. Sg Americas Securities Limited has invested 0% in WESCO International, Inc. (NYSE:WCC). Ny State Teachers Retirement has 4,200 shares. Convergence Investment Prtn Ltd Liability Corp has 0% invested in WESCO International, Inc. (NYSE:WCC). Lsv Asset accumulated 76,000 shares or 0.01% of the stock. Gotham Asset Mngmt Ltd Liability Corporation has invested 0.03% of its portfolio in WESCO International, Inc. (NYSE:WCC). Moreover, Schwab Charles Inv has 0.01% invested in WESCO International, Inc. (NYSE:WCC) for 201,694 shares. Shell Asset Mgmt Com invested in 0.02% or 15,209 shares. 23,605 are owned by Systematic Fincl Management Ltd Partnership. Tocqueville Asset Mngmt Limited Partnership holds 0.15% of its portfolio in WESCO International, Inc. (NYSE:WCC) for 192,300 shares.

Among 20 analysts covering Wesco International Inc. (NYSE:WCC), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. Wesco International Inc. had 72 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Thursday, April 14 by Susquehanna. Credit Suisse reinitiated WESCO International, Inc. (NYSE:WCC) on Friday, June 17 with “Outperform” rating. The firm earned “Sector Perform” rating on Friday, January 29 by RBC Capital Markets. The firm earned “Equal Weight” rating on Wednesday, December 16 by Barclays Capital. Barclays Capital maintained the shares of WCC in report on Monday, October 5 with “Equal-Weight” rating. The firm has “Hold” rating by Oppenheimer given on Thursday, August 10. The stock of WESCO International, Inc. (NYSE:WCC) has “Equal Weight” rating given on Wednesday, December 14 by Barclays Capital. The stock of WESCO International, Inc. (NYSE:WCC) has “Hold” rating given on Monday, August 24 by Standpoint Research. The rating was downgraded by Longbow on Monday, December 5 to “Neutral”. The rating was maintained by Robert W. Baird with “Hold” on Friday, October 27.

Another recent and important WESCO International, Inc. (NYSE:WCC) news was published by Seekingalpha.com which published an article titled: “WESCO International (WCC) Q2 2018 Results – Earnings Call Transcript” on August 02, 2018.

Analysts await Seacoast Banking Corporation of Florida (NASDAQ:SBCF) to report earnings on October, 25. They expect $0.41 earnings per share, up 17.14% or $0.06 from last year’s $0.35 per share. SBCF’s profit will be $19.25M for 18.26 P/E if the $0.41 EPS becomes a reality. After $0.38 actual earnings per share reported by Seacoast Banking Corporation of Florida for the previous quarter, Wall Street now forecasts 7.89% EPS growth.

Since March 7, 2018, it had 0 insider buys, and 6 sales for $604,111 activity. Shares for $43,250 were sold by Shaffer Charles M. 1,754 shares valued at $51,740 were sold by CROSS CHARLES K JR. on Tuesday, May 15.

More notable recent Seacoast Banking Corporation of Florida (NASDAQ:SBCF) news were published by: Bizjournals.com which released: “Leaders from Hancock, Fifth Third, Regions, Mutual of Omaha, Raymond James launch a $550 million bank in Tampa” on July 31, 2018, also Bizjournals.com with their article: “Six factors Axiom Bank’s CEO thinks are dominating the local banking industry” published on August 09, 2018, Globenewswire.com published: “Seacoast Reports Second Quarter 2018 Results” on July 26, 2018. More interesting news about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) were released by: Seekingalpha.com and their article: “Seacoast Banking Corporation of Florida (SBCF) CEO Dennis Hudson on Q2 2018 Results – Earnings Call Transcript” published on July 29, 2018 as well as Nasdaq.com‘s news article titled: “Report: Developing Opportunities within Forrester Research, LifePoint Health, HubSpot, US Ecology, Lancaster Colony …” with publication date: August 08, 2018.

Cutler Capital Management Llc, which manages about $356.71 million and $247.14M US Long portfolio, upped its stake in Parke Bancorp (NASDAQ:PKBK) by 89,976 shares to 100,118 shares, valued at $2.08M in 2018Q1, according to the filing. It also increased its holding in Colony Northstar by 430,925 shares in the quarter, for a total of 484,825 shares, and has risen its stake in Welltower.

Among 9 analysts covering Seacoast Banking Co. of Florida (NASDAQ:SBCF), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Seacoast Banking Co. of Florida had 26 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, May 29. Hovde Group maintained the shares of SBCF in report on Wednesday, January 3 with “Hold” rating. The rating was upgraded by Zacks on Thursday, August 27 to “Sell”. The firm earned “Hold” rating on Thursday, January 4 by Sandler O’Neill. Hovde Group maintained the shares of SBCF in report on Friday, January 12 with “Hold” rating. The firm has “Hold” rating by Zacks given on Wednesday, August 19. The company was upgraded on Wednesday, August 12 by Zacks. The firm has “Buy” rating by SunTrust given on Monday, February 13. The firm has “Outperform” rating given on Thursday, September 1 by Keefe Bruyette & Woods. The rating was maintained by SunTrust on Tuesday, November 28 with “Buy”.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Institutional Positions Chart

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