Syntel (SYNT) Shareholder Sprott Trimmed Its Position by $440,000 as Stock Value Rose; Sprott Focus Trust (FUND) Market Value Declined While City Of London Investment Management Co LTD Increased Position

May 8, 2018 - By Jonathan Benavides

Syntel, Inc. (NASDAQ:SYNT) Logo

Eric Sprott decreased its stake in Syntel Inc (SYNT) by 6.25% based on its latest 2017Q4 regulatory filing with the SEC. Sprott Inc sold 20,000 shares as the company’s stock rose 2.79% while stock markets declined. The hedge fund run by Eric Sprott held 300,000 shares of the technology company at the end of 2017Q4, valued at $6.90 million, down from 320,000 at the end of the previous reported quarter. Sprott Inc who had been investing in Syntel Inc for a number of months, seems to be less bullish one the $2.44B market cap company. The stock increased 0.44% or $0.13 during the last trading session, reaching $29.4. About 127,070 shares traded. Syntel, Inc. (NASDAQ:SYNT) has risen 54.15% since May 8, 2017 and is uptrending. It has outperformed by 42.60% the S&P500.

City Of London Investment Management Co Ltd increased its stake in Sprott Focus Trust (FUND) by 23.93% based on its latest 2017Q4 regulatory filing with the SEC. City Of London Investment Management Co Ltd bought 204,844 shares as the company’s stock declined 0.38% with the market. The institutional investor held 1.06 million shares of the consumer services company at the end of 2017Q4, valued at $8.41M, up from 856,165 at the end of the previous reported quarter. City Of London Investment Management Co Ltd who had been investing in Sprott Focus Trust for a number of months, seems to be bullish on the $185.05M market cap company. The stock decreased 1.66% or $0.13 during the last trading session, reaching $7.71. About 26,216 shares traded. Sprott Focus Trust, Inc. – Clos (NASDAQ:FUND) has risen 7.41% since May 8, 2017 and is uptrending. It has underperformed by 4.14% the S&P500.

Another recent and important Sprott Focus Trust, Inc. – Clos (NASDAQ:FUND) news was published by Nasdaq.com which published an article titled: “What You Should Know About Nasdaq Fund Network” on April 12, 2018.

City Of London Investment Management Co Ltd, which manages about $4.21 billion and $1.44B US Long portfolio, decreased its stake in Aberdeen Greater China Fund Inc (GCH) by 36,629 shares to 3.35M shares, valued at $41.86 million in 2017Q4, according to the filing. It also reduced its holding in Thai Fund Inc. (TTF) by 1.11 million shares in the quarter, leaving it with 2.71M shares, and cut its stake in Ishares Msci Frontier 100 Etf (FM).

More important recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Seekingalpha.com which released: “Syntel, Inc. 2018 Q1 – Results – Earnings Call Slides” on April 20, 2018, also Globenewswire.com published article titled: “Syntel to Present at Investor Conference”, Globenewswire.com published: “Syntel Reports First Quarter 2018 Financial Results” on April 19, 2018. More interesting news about Syntel, Inc. (NASDAQ:SYNT) was released by: Nasdaq.com and their article: “Syntel Partners with Esko for Life Sciences Labeling and Packaging Solutions” with publication date: April 09, 2018.

Among 14 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 have Buy rating, 0 Sell and 13 Hold. Therefore 7% are positive. Syntel Inc. had 41 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Neutral” rating by Robert W. Baird on Monday, April 18. The firm has “Sell” rating by Wells Fargo given on Friday, December 29. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Hold” rating given on Friday, February 16 by SunTrust. Wells Fargo upgraded Syntel, Inc. (NASDAQ:SYNT) on Friday, April 20 to “Market Perform” rating. SunTrust maintained the stock with “Hold” rating in Tuesday, October 17 report. The stock has “Buy” rating by Loop Capital on Tuesday, January 10. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, October 3 report. Cowen & Co maintained Syntel, Inc. (NASDAQ:SYNT) rating on Tuesday, July 18. Cowen & Co has “Hold” rating and $1800 target. On Tuesday, August 22 the stock rating was maintained by Cowen & Co with “Hold”. Wells Fargo downgraded the shares of SYNT in report on Friday, February 19 to “Market Perform” rating.

Investors sentiment decreased to 1.69 in Q4 2017. Its down 0.02, from 1.71 in 2017Q3. It turned negative, as 16 investors sold SYNT shares while 43 reduced holdings. 52 funds opened positions while 48 raised stakes. 32.15 million shares or 7.98% more from 29.77 million shares in 2017Q3 were reported. Raymond James & Associate reported 0% stake. Millennium Mngmt Limited Liability accumulated 378,959 shares. Moreover, Ipg Investment Ltd has 5.01% invested in Syntel, Inc. (NASDAQ:SYNT). Sather Fincl Group holds 538,882 shares. Ahl Prns Llp owns 0.09% invested in Syntel, Inc. (NASDAQ:SYNT) for 263,473 shares. 255,080 are owned by Rk Asset Mgmt Ltd Co. Ubs Asset Management Americas, a Illinois-based fund reported 12,200 shares. Ny State Common Retirement Fund has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Horizon Kinetics Ltd Liability, New York-based fund reported 15,800 shares. D E Shaw Co invested 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Clark Grp Inc accumulated 0.04% or 61,455 shares. Third Avenue Management reported 229,006 shares. Royal Natl Bank Of Canada stated it has 0% in Syntel, Inc. (NASDAQ:SYNT). California State Teachers Retirement Sys reported 52,122 shares. Parametric Port Associates Limited Co reported 83,239 shares.

Syntel, Inc. (NASDAQ:SYNT) Institutional Positions Chart

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