How Do The World’s Top Investors View These Stocks That Just Reported Earnings?

Hedge funds are divided on SYNNEX Corporation (NYSE:SNX). At the end of June, 13 hedge funds owned $21.22 million of the company’s shares (representing 0.70% of the float), versus 10 funds holding $22.01 million in stock on March 31. Jim Simons‘ Renaissance Technologies increased its holding by 134% on the quarter to 137,100 shares and ranked the largest shareholder among the funds we track, while Ken Griffin’s Citadel Investment Group cut its long position by 81% to 23,796 shares. Moreover, Joel Greenblatt’s Gotham Asset Management established a new position of 28,085 shares.

Analysts think SYNNEX Corporation is fully valued. Currently, three analysts have a ‘Hold’ rating and two analysts have a ‘Buy’ rating, while the consensus price target stands at $83.75 per share, implying a small premium of 1.52%.

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