Riverhead Capital Management LLC Continues to Hold Stake in Syngenta AG (SYT)
Riverhead Capital Management LLC continued to hold its stake in shares of Syngenta AG (NYSE:SYT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,800 shares of the basic materials company’s stock at the end of the 2nd quarter. Riverhead Capital Management LLC’s holdings in Syngenta AG were worth $630,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fiduciary Trust Co. bought a new stake in shares of Syngenta AG during the second quarter valued at approximately $120,000. JPMorgan Chase & Co. increased its position in shares of Syngenta AG by 10.7% during the first quarter. JPMorgan Chase & Co. now owns 1,618 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 157 shares in the last quarter. Sei Investments Co. increased its position in shares of Syngenta AG by 0.3% during the second quarter. Sei Investments Co. now owns 1,963 shares of the basic materials company’s stock valued at $182,000 after acquiring an additional 6 shares in the last quarter. Cambiar Investors LLC bought a new stake in shares of Syngenta AG during the second quarter valued at approximately $201,000. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Syngenta AG by 1.6% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 3,209 shares of the basic materials company’s stock valued at $298,000 after acquiring an additional 50 shares in the last quarter. 0.23% of the stock is owned by institutional investors.
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Several equities research analysts recently weighed in on SYT shares. Zacks Investment Research downgraded shares of Syngenta AG from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub downgraded shares of Syngenta AG from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $97.50.
Shares of Syngenta AG (SYT) opened at 92.05 on Wednesday. The company’s 50 day moving average is $92.03 and its 200 day moving average is $91.44. The company has a market cap of $42.49 billion, a P/E ratio of 40.79 and a beta of 0.98. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61.
About Syngenta AG
Syngenta AG (Syngenta) is an agribusiness company. The Company operates in the crop protection and seeds business, which is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality, and in the lawn and garden business, which provides professional growers and consumers with flowers, turf and landscape, and professional pest management products.
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