550,000 Shares in Synergy CHC Corp. $SNYR Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. purchased a new position in Synergy CHC Corp. (NASDAQ:SNYR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 550,000 shares of the company’s stock, valued at approximately $1,342,000. Heartland Advisors Inc. owned approximately 5.83% of Synergy CHC at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Geode Capital Management LLC acquired a new position in shares of Synergy CHC in the 2nd quarter worth approximately $29,000. Sanders Morris Harris LLC boosted its holdings in Synergy CHC by 5.0% during the third quarter. Sanders Morris Harris LLC now owns 391,702 shares of the company’s stock worth $956,000 after buying an additional 18,701 shares in the last quarter. XTX Topco Ltd acquired a new position in Synergy CHC in the second quarter worth approximately $57,000. Finally, Warberg Asset Management LLC bought a new position in shares of Synergy CHC in the third quarter valued at $82,000.

Synergy CHC Price Performance

NASDAQ:SNYR opened at $1.63 on Wednesday. The stock’s 50-day moving average is $1.82 and its two-hundred day moving average is $2.25. The stock has a market cap of $18.34 million, a PE ratio of 5.62 and a beta of 3.48. Synergy CHC Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $4.25.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Synergy CHC in a research note on Monday, December 29th. Ascendiant Capital Markets assumed coverage on Synergy CHC in a report on Monday, February 2nd. They set a “buy” rating and a $5.00 target price for the company. Wall Street Zen cut Synergy CHC from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Roth Mkm cut their price objective on Synergy CHC from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Synergy CHC currently has an average rating of “Moderate Buy” and an average price target of $6.00.

Synergy CHC Profile

Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.