Kornitzer Capital Management Inc. KS cut its stake in Syngenta AG (NYSE:SYT) by 16.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,420 shares of the company’s stock after selling 6,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Syngenta AG were worth $2,336,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of SYT. Checchi Capital Advisers LLC raised its stake in shares of Syngenta AG by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 4,503 shares of the company’s stock valued at $346,000 after buying an additional 44 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Syngenta AG by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 19,272 shares of the company’s stock valued at $1,596,000 after buying an additional 397 shares during the period. Naples Global Advisors LLC boosted its stake in shares of Syngenta AG by 6.1% in the second quarter. Naples Global Advisors LLC now owns 16,100 shares of the company’s stock valued at $1,219,000 after buying an additional 930 shares during the period. Opera Trading Capital acquired a new stake in shares of Syngenta AG during the first quarter valued at about $107,000. Finally, Geode Capital Management LLC boosted its stake in shares of Syngenta AG by 24.6% in the first quarter. Geode Capital Management LLC now owns 15,523 shares of the company’s stock valued at $1,285,000 after buying an additional 3,069 shares during the period. 7.22% of the stock is owned by institutional investors.
Shares of Syngenta AG (NYSE:SYT) traded up 0.91% on Wednesday, hitting $84.94. 548,714 shares of the stock traded hands. Syngenta AG has a 12 month low of $66.75 and a 12 month high of $89.13. The company has a market cap of $39.03 billion, a PE ratio of 33.09 and a beta of 1.16. The firm’s 50 day moving average is $87.32 and its 200-day moving average is $82.05.
Several brokerages have issued reports on SYT. Zacks Investment Research raised shares of Syngenta AG from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Raymond James Financial Inc. raised shares of Syngenta AG from a “mkt perform” rating to an “outperform” rating in a research note on Friday, July 15th. Sanford C. Bernstein cut shares of Syngenta AG from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $90.20 to $92.20 in a research note on Tuesday, September 6th. They noted that the move was a valuation call. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Syngenta AG in a research note on Tuesday, August 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $90.10.
Syngenta AG Company Profile
Syngenta AG is an agribusiness operating in the crop protection and seeds business. The Company is engaged in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality. The Company operates through five segments: the four geographic regions, Europe, Africa and Middle East, North America, Latin America and Asia Pacific, consisting of the integrated Crop Protection and Seeds business, and the global Lawn and Garden business.
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