Elk Creek Partners LLC Increases Position in Synchronoss Technologies INC (SNCR)

September 17, 2017 - By Marguerite Chambers

Investors sentiment increased to 1.45 in 2016 Q4. Its up 0.12, from 1.33 in 2016Q3. It is positive, as 23 investors sold SNCR shares while 63 reduced holdings. 40 funds opened positions while 85 raised stakes. 37.09 million shares or 1.50% more from 36.54 million shares in 2016Q3 were reported. Palisade Mngmt Llc Nj has invested 0.01% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Salem Investment Counselors invested in 65 shares or 0% of the stock. Sit Associates has 54,525 shares. Blackrock Fund Advsr, a California-based fund reported 3.31 million shares. Missouri-based Century Inc has invested 0.01% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Legal And General Gru Plc holds 0% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 73,994 shares. Northern Trust Corporation holds 590,209 shares or 0.01% of its portfolio. Ubs Asset Americas owns 455,387 shares or 0.02% of their US portfolio. Geode Capital Mgmt Ltd Liability Co has 345,410 shares for 0.01% of their portfolio. Manufacturers Life Ins The stated it has 0.01% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Assetmark Inc has invested 0% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). State Common Retirement Fund holds 68,063 shares or 0% of its portfolio. Moreover, Envestnet Asset Management has 0% invested in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 16,632 shares. The New York-based Bnp Paribas Arbitrage has invested 0% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Eqis Cap owns 20,237 shares for 0.05% of their portfolio.

Since March 20, 2017, it had 1 insider purchase, and 1 insider sale for $21.53 million activity. Garcia Robert sold 1,695 shares worth $43,494. Shares for $28,376 were sold by Schuette David on Monday, March 20. 1.36M Synchronoss Technologies, Inc. (NASDAQ:SNCR) shares with value of $21.57 million were bought by Silver Private Holdings I – LLC.

Elk Creek Partners Llc increased its stake in Synchronoss Technologies Inc (SNCR) by 16.68% based on its latest 2016Q4 regulatory filing with the SEC. Elk Creek Partners Llc bought 220,246 shares as the company’s stock declined 59.16% while stock markets rallied. The institutional investor held 1.54 million shares of the technology company at the end of 2016Q4, valued at $59.02 million, up from 1.32 million at the end of the previous reported quarter. Elk Creek Partners Llc who had been investing in Synchronoss Technologies Inc for a number of months, seems to be bullish on the $747.06 million market cap company. The stock decreased 2.36% or $0.39 on September 15, reaching $16.11. About 699,744 shares traded or 103.13% up from the average. Synchronoss Technologies, Inc. (NASDAQ:SNCR) has declined 60.71% since September 17, 2016 and is downtrending. It has underperformed by 77.41% the S&P500.

Elk Creek Partners Llc, which manages about $800.79M and $1.48 billion US Long portfolio, decreased its stake in Caesarstone Ltd (NASDAQ:CSTE) by 203,390 shares to 235,857 shares, valued at $6.76 million in 2016Q4, according to the filing. It also reduced its holding in Dave & Busters Entmt Inc (NASDAQ:PLAY) by 121,592 shares in the quarter, leaving it with 184,584 shares, and cut its stake in On Assignment Inc (NYSE:ASGN).

More notable recent Synchronoss Technologies, Inc. (NASDAQ:SNCR) news were published by: Fool.com which released: “Why Shares of Synchronoss Technologies Are Surging Today” on May 05, 2017, also Fool.com with their article: “Why Synchronoss Technologies, Inc. Stock Fell 29.7% in February” published on March 09, 2017, Marketwatch.com published: “Synchronoss Technologies stock plummets 47% on departures from CEO and CFO …” on April 27, 2017. More interesting news about Synchronoss Technologies, Inc. (NASDAQ:SNCR) were released by: Fool.com and their article: “Why Shares of Synchronoss Technologies Are Crashing” published on April 27, 2017 as well as Fool.com‘s news article titled: “Why Shares of Synchronoss Technologies Tumbled Today” with publication date: June 14, 2017.

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

Among 7 analysts covering Synchronoss Technologies Inc. (NASDAQ:SNCR), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Synchronoss Technologies Inc. has $65 highest and $1600 lowest target. $41.25’s average target is 156.05% above currents $16.11 stock price. Synchronoss Technologies Inc. had 13 analyst reports since July 31, 2015 according to SRatingsIntel. As per Wednesday, August 10, the company rating was initiated by Stephens. The rating was downgraded by Drexel Hamilton to “Hold” on Wednesday, June 14. The stock has “Hold” rating by Stifel Nicolaus on Thursday, February 4. The rating was upgraded by Raymond James on Thursday, October 29 to “Strong Buy”. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) has “Overweight” rating given on Wednesday, January 25 by JP Morgan. Stifel Nicolaus maintained it with “Hold” rating and $1600 target in Friday, June 23 report. The firm has “Buy” rating by Drexel Hamilton given on Wednesday, June 1. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) earned “Underperform” rating by Credit Suisse on Monday, May 22.

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