Trex Company, Inc. (TREX) Forms $108.41 Double Top; Redmile Group Has Decreased Boston Scientific (BSX) Stake

Trex Company, Inc. (TREX) formed double top with $113.83 target or 5.00% above today’s $108.41 share price. Trex Company, Inc. (TREX) has $3.19B valuation. The stock decreased 1.68% or $1.85 during the last trading session, reaching $108.41. About 363,182 shares traded or 67.79% up from the average. Trex Company, Inc. (NYSE:TREX) has risen 51.54% since February 6, 2017 and is uptrending. It has outperformed by 34.84% the S&P500.

Redmile Group Llc decreased Boston Scientific Corp (BSX) stake by 44.89% reported in 2017Q3 SEC filing. Redmile Group Llc sold 491,490 shares as Boston Scientific Corp (BSX)’s stock rose 4.02%. The Redmile Group Llc holds 603,493 shares with $17.60 million value, down from 1.09M last quarter. Boston Scientific Corp now has $36.25 billion valuation. The stock decreased 3.61% or $0.99 during the last trading session, reaching $26.4. About 13.08M shares traded or 36.88% up from the average. Boston Scientific Corporation (NYSE:BSX) has risen 19.12% since February 6, 2017 and is uptrending. It has outperformed by 2.42% the S&P500.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.11, from 1.24 in 2017Q2. It increased, as 14 investors sold Trex Company, Inc. shares while 63 reduced holdings. 31 funds opened positions while 73 raised stakes. 25.84 million shares or 3.17% less from 26.69 million shares in 2017Q2 were reported. Numeric Limited Liability Com holds 0.01% in Trex Company, Inc. (NYSE:TREX) or 12,500 shares. Automobile Association invested in 89,300 shares or 0.02% of the stock. Acadian Asset Management Ltd Llc reported 72 shares stake. Campbell And Invest Adviser Limited Liability owns 2,810 shares. Paloma Ptnrs Management holds 0.01% of its portfolio in Trex Company, Inc. (NYSE:TREX) for 7,453 shares. Pinebridge Ltd Partnership owns 3,650 shares or 0.01% of their US portfolio. Winslow Evans Crocker Inc invested in 0.01% or 500 shares. Westwood Hldg Inc has invested 0.2% in Trex Company, Inc. (NYSE:TREX). Sandy Spring National Bank has invested 0.01% in Trex Company, Inc. (NYSE:TREX). Tiaa Cref Investment Ltd Liability Com reported 96,343 shares. Pnc Svcs Group Inc Inc holds 0% or 2,312 shares. Hl Svcs reported 48,722 shares stake. Jefferies Gp Ltd Limited Liability Company stated it has 3,058 shares or 0% of all its holdings. Bamco reported 1.19 million shares. Federated Invsts Incorporated Pa, Pennsylvania-based fund reported 61 shares.

Among 9 analysts covering Trex Co (NYSE:TREX), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Trex Co has $125 highest and $45 lowest target. $103.67’s average target is -4.37% below currents $108.41 stock price. Trex Co had 22 analyst reports since September 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Wedbush on Wednesday, October 19. On Thursday, July 13 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Neutral” rating by Seaport Global Securities given on Tuesday, November 22. The firm earned “Hold” rating on Tuesday, October 31 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Hold” rating and $100.0 target in Friday, December 8 report. Sidoti downgraded the stock to “Hold” rating in Monday, October 2 report. The stock has “Buy” rating by Seaport Global on Thursday, June 1. The firm has “Buy” rating by Seaport Global given on Thursday, January 11. The stock has “Buy” rating by CL King on Wednesday, October 28. As per Tuesday, January 17, the company rating was maintained by Wedbush.

Since August 15, 2017, it had 0 buys, and 2 selling transactions for $282,192 activity. On Tuesday, August 15 MERLOTTI FRANK H JR sold $158,457 worth of Trex Company, Inc. (NYSE:TREX) or 2,093 shares. The insider GRATZ JAY M sold 1,058 shares worth $123,735.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on February, 20. They expect $0.54 EPS, up 25.58% or $0.11 from last year’s $0.43 per share. TREX’s profit will be $15.88 million for 50.19 P/E if the $0.54 EPS becomes a reality. After $0.68 actual EPS reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts -20.59% negative EPS growth.

Since August 29, 2017, it had 0 insider buys, and 11 insider sales for $14.49 million activity. Nanavaty Maulik sold $1.56 million worth of stock or 57,031 shares. On Tuesday, October 3 Bose Supratim sold $10.11M worth of Boston Scientific Corporation (NYSE:BSX) or 347,137 shares. Phalen Michael P. sold $399,865 worth of Boston Scientific Corporation (NYSE:BSX) on Friday, December 29. 5,152 shares were sold by Pierce David A, worth $139,104. 10,104 shares were sold by Pratt Timothy A., worth $277,475.

Redmile Group Llc increased Livanova Plc stake by 420,460 shares to 632,488 valued at $44.31M in 2017Q3. It also upped Immunogen Inc (NASDAQ:IMGN) stake by 2.85 million shares and now owns 8.06M shares. Array Biopharma Inc (NASDAQ:ARRY) was raised too.

Among 29 analysts covering Boston Scientific Corporation (NYSE:BSX), 23 have Buy rating, 0 Sell and 6 Hold. Therefore 79% are positive. Boston Scientific Corporation had 89 analyst reports since July 27, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of BSX in report on Monday, June 19 with “Buy” rating. Canaccord Genuity maintained Boston Scientific Corporation (NYSE:BSX) rating on Wednesday, January 17. Canaccord Genuity has “Buy” rating and $35.0 target. On Thursday, February 1 the stock rating was maintained by Needham with “Buy”. The firm has “Hold” rating by Jefferies given on Friday, July 28. The firm earned “Outperform” rating on Friday, June 9 by RBC Capital Markets. The company was maintained on Thursday, April 28 by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, March 17 by Nomura. The stock of Boston Scientific Corporation (NYSE:BSX) earned “Outperform” rating by RBC Capital Markets on Thursday, April 28. The stock of Boston Scientific Corporation (NYSE:BSX) has “Buy” rating given on Monday, October 2 by RBC Capital Markets. The company was maintained on Monday, September 25 by Stifel Nicolaus.