Ariel Investments LLC Purchases 833,000 Shares of Synacor Inc (SYNC)

Ariel Investments LLC grew its position in shares of Synacor Inc (NASDAQ:SYNC) by 28.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,777,912 shares of the information services provider’s stock after purchasing an additional 833,000 shares during the quarter. Ariel Investments LLC owned approximately 0.10% of Synacor worth $8,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Alyeska Investment Group L.P. increased its position in shares of Synacor by 1.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,307,784 shares of the information services provider’s stock valued at $3,531,000 after purchasing an additional 23,353 shares during the last quarter. Vanguard Group Inc. grew its position in Synacor by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 706,887 shares of the information services provider’s stock worth $2,580,000 after acquiring an additional 27,763 shares during the last quarter. Cowen Prime Services LLC grew its position in Synacor by 171.7% during the 4th quarter. Cowen Prime Services LLC now owns 147,673 shares of the information services provider’s stock worth $340,000 after acquiring an additional 93,328 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Synacor by 49.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 133,078 shares of the information services provider’s stock worth $486,000 after acquiring an additional 44,319 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Synacor by 39.0% during the 3rd quarter. Prudential Financial Inc. now owns 104,400 shares of the information services provider’s stock worth $282,000 after acquiring an additional 29,300 shares during the last quarter. Hedge funds and other institutional investors own 30.52% of the company’s stock.

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Synacor Inc (SYNC) opened at $2.05 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.07. Synacor Inc has a 1 year low of $1.85 and a 1 year high of $4.25. The stock has a market capitalization of $79.31, a P/E ratio of -5.13 and a beta of 0.41.

Several equities analysts recently issued reports on SYNC shares. ValuEngine upgraded Synacor from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Canaccord Genuity reduced their price target on Synacor from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded Synacor from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $4.83.

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Synacor Profile

Synacor, Inc is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation.

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Institutional Ownership by Quarter for Synacor (NASDAQ:SYNC)

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