Synchronoss Technologies INC (SNCR) Stake Has Upped by Smith Graham & Co Investment Advisors Lp

December 8, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.65 in 2017 Q2. Its down 0.72, from 1.37 in 2017Q1. It turned negative, as 70 investors sold SNCR shares while 50 reduced holdings. 25 funds opened positions while 53 raised stakes. 33.99 million shares or 16.17% less from 40.55 million shares in 2017Q1 were reported. Jacobs Levy Equity Mngmt holds 0.02% or 53,729 shares in its portfolio. Weiss Multi accumulated 50,000 shares or 0.03% of the stock. Legal & General Public Ltd Com holds 0% or 81,694 shares. Elk Creek Ptnrs Llc stated it has 2.49% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Retirement Systems Of Alabama reported 95,247 shares. Canada Pension Plan Board holds 194,500 shares or 0.01% of its portfolio. Nuveen Asset Ltd Llc holds 1.29M shares or 0.14% of its portfolio. Hl Financial Service Lc invested in 23,445 shares or 0.01% of the stock. Us National Bank De has 0% invested in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Schwab Charles Inv invested 0% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Citigroup holds 0% or 107 shares in its portfolio. Texas Permanent School Fund reported 31,486 shares. California Public Employees Retirement Sys holds 46,400 shares. Advisory Serv Networks Ltd Liability Com has 0% invested in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Ubs Asset Management Americas Inc holds 0% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 14,350 shares.

Smith Graham & Co Investment Advisors Lp increased its stake in Synchronoss Technologies Inc (SNCR) by 53.75% based on its latest 2017Q2 regulatory filing with the SEC. Smith Graham & Co Investment Advisors Lp bought 239,240 shares as the company’s stock declined 59.16% while stock markets rallied. The institutional investor held 684,338 shares of the technology company at the end of 2017Q2, valued at $11.26M, up from 445,098 at the end of the previous reported quarter. Smith Graham & Co Investment Advisors Lp who had been investing in Synchronoss Technologies Inc for a number of months, seems to be bullish on the $444.26M market cap company. The stock decreased 3.41% or $0.33 during the last trading session, reaching $9.35. About 2.47 million shares traded or 17.31% up from the average. Synchronoss Technologies, Inc. (NASDAQ:SNCR) has declined 60.71% since December 8, 2016 and is downtrending. It has underperformed by 77.41% the S&P500.

More notable recent Synchronoss Technologies, Inc. (NASDAQ:SNCR) news were published by: Businesswire.com which released: “Synchronoss Technologies, Inc. Reports Inducement Grants to CEO Glenn Lurie …” on November 17, 2017, also Fool.com with their article: “Why Did Synchronoss Technologies, Inc. Shares Gain 21% in October?” published on November 09, 2017, Seekingalpha.com published: “Synchronoss Technologies: Strong Comeback In 2018 (Possible)” on November 21, 2017. More interesting news about Synchronoss Technologies, Inc. (NASDAQ:SNCR) were released by: Seekingalpha.com and their article: “Synchronoss: After The Drama, The Opportunity” published on November 20, 2017 as well as Seekingalpha.com‘s news article titled: “Synchronoss: Buy The News” with publication date: October 23, 2017.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Ratings Coverage

Among 8 analysts covering Synchronoss Technologies Inc. (NASDAQ:SNCR), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Synchronoss Technologies Inc. had 18 analyst reports since July 31, 2015 according to SRatingsIntel. The company was downgraded on Monday, May 22 by Credit Suisse. The stock has “Hold” rating by Stifel Nicolaus on Friday, June 23. The firm earned “Hold” rating on Wednesday, November 29 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, October 18 report. On Thursday, October 29 the stock rating was upgraded by Raymond James to “Strong Buy”. The firm earned “Hold” rating on Thursday, February 4 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, September 19 report. The firm has “Buy” rating given on Wednesday, June 1 by Drexel Hamilton. The firm has “Overweight” rating given on Wednesday, August 10 by Stephens. The rating was downgraded by Drexel Hamilton on Wednesday, June 14 to “Hold”.

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