Kazazian Asset Management Cut By $756,792 Its Pennymac Mtg Invt Tr (PMT) Stake; SYNNEX (SNX) Covered By 5 Bulls

December 7, 2017 - By Vivian Currie

Kazazian Asset Management Llc decreased Pennymac Mtg Invt Tr (PMT) stake by 50% reported in 2017Q2 SEC filing. Kazazian Asset Management Llc sold 42,044 shares as Pennymac Mtg Invt Tr (PMT)’s stock rose 4.55%. The Kazazian Asset Management Llc holds 42,045 shares with $769,000 value, down from 84,089 last quarter. Pennymac Mtg Invt Tr now has $1.05 billion valuation. The stock increased 0.60% or $0.1 during the last trading session, reaching $16.06. About 467,642 shares traded. PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 18.22% since December 7, 2016 and is uptrending. It has outperformed by 1.52% the S&P500.

Among 10 analysts covering SYNNEX (NYSE:SNX), 5 have Buy rating, 2 Sell and 3 Hold. Therefore 50% are positive. SYNNEX had 24 analyst reports since August 20, 2015 according to SRatingsIntel. On Tuesday, September 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of SYNNEX Corporation (NYSE:SNX) earned “Buy” rating by Stifel Nicolaus on Wednesday, April 12. The firm has “Hold” rating by Needham given on Friday, June 24. The stock has “Buy” rating by Brean Capital on Friday, June 24. The firm earned “Buy” rating on Tuesday, March 29 by Citigroup. Stifel Nicolaus maintained it with “Buy” rating and $128 target in Friday, June 9 report. The firm has “Strong Buy” rating given on Friday, May 19 by Raymond James. The stock of SYNNEX Corporation (NYSE:SNX) earned “Underperform” rating by Credit Agricole on Thursday, October 29. Citigroup downgraded the stock to “Neutral” rating in Monday, May 2 report. The firm earned “Sell” rating on Thursday, August 20 by Zacks. See SYNNEX Corporation (NYSE:SNX) latest ratings:

06/10/2017 Broker: Pivotal Research Rating: Hold New Target: $138 Initiates Coverage On
26/09/2017 Broker: Citigroup Rating: Neutral Old Target: $122 New Target: $130 Maintain
18/09/2017 Broker: Needham Rating: Buy New Target: $135.00 Reinitiate
10/09/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $132.0 Maintain
25/08/2017 Broker: Loop Capital Rating: Buy New Target: $140 Initiates Coverage On
28/06/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $132.0000 Maintain
09/06/2017 Broker: Stifel Nicolaus Rating: Buy Old Target: $120.00 New Target: $128.00 Maintain

Analysts await PennyMac Mortgage Investment Trust (NYSE:PMT) to report earnings on February, 1. They expect $0.43 earnings per share, down 2.27% or $0.01 from last year’s $0.44 per share. PMT’s profit will be $28.19 million for 9.34 P/E if the $0.43 EPS becomes a reality. After $0.20 actual earnings per share reported by PennyMac Mortgage Investment Trust for the previous quarter, Wall Street now forecasts 115.00% EPS growth.

Investors sentiment increased to 1.38 in Q2 2017. Its up 0.11, from 1.27 in 2017Q1. It improved, as 13 investors sold PMT shares while 40 reduced holdings. 28 funds opened positions while 45 raised stakes. 41.31 million shares or 0.36% less from 41.46 million shares in 2017Q1 were reported. Raymond James Fincl Serv invested 0% in PennyMac Mortgage Investment Trust (NYSE:PMT). Vanguard Gru Inc accumulated 5.24 million shares. X Mngmt Co Limited Co holds 1.08M shares. Gsa Partners Ltd Liability Partnership has 13,230 shares for 0.02% of their portfolio. Kazazian Asset Mngmt Limited Liability Corporation reported 42,045 shares. Fmr Limited Company, Massachusetts-based fund reported 51,200 shares. Tiaa Cref Invest Limited Liability Company holds 0% of its portfolio in PennyMac Mortgage Investment Trust (NYSE:PMT) for 179,086 shares. Eqis Cap Mngmt Incorporated has invested 0.02% of its portfolio in PennyMac Mortgage Investment Trust (NYSE:PMT). Cipher Capital Limited Partnership accumulated 233,707 shares. Ameritas Prtnrs has 0.01% invested in PennyMac Mortgage Investment Trust (NYSE:PMT) for 5,886 shares. Wellington Mngmt Grp Incorporated Llp reported 88,385 shares. Los Angeles Equity Incorporated invested in 11,430 shares or 0% of the stock. Bessemer Grp Inc Inc holds 0.01% or 104,500 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 2,112 shares for 0% of their portfolio. Citadel Advsr Ltd owns 228,970 shares.

Among 9 analysts covering PennyMac Mortgage Investment Trust (NYSE:PMT), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. PennyMac Mortgage Investment Trust had 16 analyst reports since July 27, 2015 according to SRatingsIntel. On Thursday, August 6 the stock rating was maintained by Compass Point with “Buy”. Barclays Capital initiated it with “Overweight” rating and $21 target in Thursday, December 10 report. The company was downgraded on Thursday, February 4 by Wells Fargo. The company was downgraded on Friday, August 7 by Citigroup. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) earned “Neutral” rating by Compass Point on Monday, February 6. JMP Securities maintained the shares of PMT in report on Wednesday, March 9 with “Market Outperform” rating. Wood maintained PennyMac Mortgage Investment Trust (NYSE:PMT) rating on Monday, June 13. Wood has “Outperform” rating and $18.50 target. On Thursday, October 6 the stock rating was initiated by Wedbush with “Neutral”. Compass Point upgraded the stock to “Buy” rating in Monday, July 27 report. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, February 5.

The stock decreased 0.16% or $0.21 during the last trading session, reaching $130.47. About 125,843 shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since December 7, 2016 and is uptrending. It has outperformed by 13.23% the S&P500.

Since June 13, 2017, it had 0 buys, and 1 sale for $234,820 activity. $234,820 worth of SYNNEX Corporation (NYSE:SNX) shares were sold by MURAI KEVIN M.

SYNNEX Corporation provides business process services to resellers, system integrators, retailers, and original equipment manufacturers in North and South America, the Asia-Pacific, Europe, and internationally. The company has market cap of $5.21 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 17.7 P/E ratio. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking/communications/security equipment; consumer electronics; and complementary products.

Investors sentiment decreased to 1.14 in 2017 Q2. Its down 0.44, from 1.58 in 2017Q1. It turned negative, as 28 investors sold SYNNEX Corporation shares while 71 reduced holdings. 33 funds opened positions while 80 raised stakes. 28.27 million shares or 0.33% less from 28.37 million shares in 2017Q1 were reported. The Texas-based Smith Asset Mngmt Grp Inc Limited Partnership has invested 0% in SYNNEX Corporation (NYSE:SNX). Mawer Investment Mgmt owns 111,700 shares for 0.12% of their portfolio. Moreover, Voya Invest Mgmt Limited Liability has 0.03% invested in SYNNEX Corporation (NYSE:SNX). Comerica Bank reported 49,269 shares. Exchange Cap Management holds 42,866 shares or 1.73% of its portfolio. Teachers Retirement Sys Of The State Of Kentucky, a Kentucky-based fund reported 6,350 shares. Natixis reported 0% in SYNNEX Corporation (NYSE:SNX). Bahl & Gaynor has invested 0.02% of its portfolio in SYNNEX Corporation (NYSE:SNX). Kennedy Cap Mgmt Inc holds 0.43% of its portfolio in SYNNEX Corporation (NYSE:SNX) for 188,987 shares. Northern Tru Corp holds 0.03% or 915,985 shares. 294,705 were accumulated by Geode Cap Management Ltd Liability Corporation. State Treasurer State Of Michigan stated it has 12,000 shares. Susquehanna Intll Gru Ltd Liability Partnership holds 12,857 shares or 0% of its portfolio. Alpha Windward Ltd owns 0.32% invested in SYNNEX Corporation (NYSE:SNX) for 4,140 shares. Wesbanco Retail Bank holds 0.06% in SYNNEX Corporation (NYSE:SNX) or 9,232 shares.

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