Algert Global Has Lifted First Bancorp P R (FBP) Stake By $578,155; Synchronoss Technologies, Inc. (SNCR) Covered By 3 Bullish Analysts Last Week

December 7, 2017 - By Marguerite Chambers

Algert Global Llc increased First Bancorp P R (FBP) stake by 43.22% reported in 2017Q2 SEC filing. Algert Global Llc acquired 115,631 shares as First Bancorp P R (FBP)’s stock declined 17.25%. The Algert Global Llc holds 383,180 shares with $2.22 million value, up from 267,549 last quarter. First Bancorp P R now has $1.09B valuation. The stock increased 0.40% or $0.02 during the last trading session, reaching $5.02. About 1.74 million shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since December 7, 2016 and is uptrending. It has outperformed by 16.14% the S&P500.

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 17 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Friday, June 23 by Stifel Nicolaus. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) has “Hold” rating given on Tuesday, September 19 by Stifel Nicolaus. The company was downgraded on Monday, May 22 by Credit Suisse. The rating was downgraded by Stifel Nicolaus on Thursday, February 4 to “Hold”. The rating was upgraded by Raymond James on Thursday, October 29 to “Strong Buy”. On Wednesday, August 10 the stock rating was initiated by Stephens with “Overweight”. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) earned “Hold” rating by Stifel Nicolaus on Wednesday, October 18. The rating was initiated by Drexel Hamilton on Wednesday, June 1 with “Buy”. The firm earned “Hold” rating on Wednesday, June 14 by Drexel Hamilton. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) has “Overweight” rating given on Wednesday, January 25 by JP Morgan. See Synchronoss Technologies, Inc. (NASDAQ:SNCR) latest ratings:

29/11/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $10.0 Maintain
18/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $12.0 Maintain
19/09/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $10.0 Maintain
20/09/2017 Broker: Deutsche Bank Rating: Hold New Target: $10.0
23/06/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $16.0000 Maintain
22/06/2017 Broker: J.P. Morgan Rating: Hold
14/06/2017 Broker: Drexel Hamilton Rating: Hold Downgrade

Synchronoss Technologies, Inc. provides cloud solutions and software activation for connected devices worldwide. The company has market cap of $459.94 million. The companyÂ’s services and products include cloud sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other clients to accelerate and monetize value-add services for secure and broadband networks and connected devices. It has a 21.51 P/E ratio. It also provides Synchronoss Enterprise solutions, such as secure mobility management, data and analytics, and identity and access management solutions for the financial, telecommunications, healthcare, life sciences, and government sectors; and Synchronoss Personal Cloud platform that delivers an operator-branded experience for subscribers to backup, restore, synchronize, and share their personal content across smartphones, tablets, computers, and other connected devices.

The stock decreased 1.93% or $0.19 during the last trading session, reaching $9.68. About 522,689 shares traded. Synchronoss Technologies, Inc. (NASDAQ:SNCR) has declined 60.71% since December 7, 2016 and is downtrending. It has underperformed by 77.41% the S&P500.

Investors sentiment decreased to 0.65 in Q2 2017. Its down 0.72, from 1.37 in 2017Q1. It dropped, as 70 investors sold Synchronoss Technologies, Inc. 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. Vanguard Gru stated it has 0% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Okumus Fund accumulated 699,400 shares. Nationwide Fund has 28,565 shares. California State Teachers Retirement Systems owns 75,598 shares. Art Advsr Lc holds 0.07% or 85,001 shares in its portfolio. Canada Pension Plan Board reported 194,500 shares. Weiss Multi invested in 50,000 shares or 0.03% of the stock. Citigroup Inc holds 107 shares. Stephens Inc Ar invested in 325,842 shares or 0.18% of the stock. Retirement Sys Of Alabama invested 0.01% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Aqr Mgmt Limited Liability Company owns 211,420 shares for 0% of their portfolio. Wells Fargo And Mn owns 791,064 shares. Louisiana State Employees Retirement System accumulated 17,600 shares. D E Shaw And invested in 0.01% or 350,622 shares. State Of New Jersey Common Pension Fund D stated it has 500,000 shares or 0.03% of all its holdings.

Investors sentiment decreased to 1.63 in 2017 Q2. Its down 0.11, from 1.74 in 2017Q1. It turned negative, as 23 investors sold FBP shares while 37 reduced holdings. 27 funds opened positions while 71 raised stakes. 196.07 million shares or 6.75% more from 183.66 million shares in 2017Q1 were reported. State Of Tennessee Treasury Department accumulated 0% or 147,157 shares. Hotchkis & Wiley Cap Mgmt Limited invested in 0.12% or 5.27M shares. Sg Americas Securities Ltd holds 0% of its portfolio in First Bancorp (NYSE:FBP) for 14,431 shares. Amer Century Incorporated invested 0.01% in First Bancorp (NYSE:FBP). Sei Invs invested in 2,924 shares. Frontier Cap Mngmt Limited Liability stated it has 9.52 million shares. American Interest Grp Inc has 0% invested in First Bancorp (NYSE:FBP) for 121,935 shares. Ww Asset Management reported 10,262 shares. Price T Rowe Assoc Md owns 57,560 shares for 0% of their portfolio. Shelton Mgmt has invested 0.01% in First Bancorp (NYSE:FBP). 210,353 were reported by Zacks Mgmt. Us Comml Bank De owns 3,487 shares for 0% of their portfolio. Profund Advisors Ltd Limited Liability Company accumulated 30,661 shares. 157,000 were reported by Ny State Common Retirement Fund. 233,400 were reported by Alliancebernstein Limited Partnership.

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