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

Heartland Advisors Inc. acquired a new stake in shares of Synergy CHC Corp. (NASDAQ:SNYR) in the third quarter, HoldingsChannel reports. The fund acquired 550,000 shares of the company’s stock, valued at approximately $1,342,000. Heartland Advisors Inc. owned 0.06% of Synergy CHC at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Warberg Asset Management LLC purchased a new stake in shares of Synergy CHC during the 3rd quarter worth about $82,000. Sanders Morris Harris LLC grew its stake in shares of Synergy CHC by 5.0% in the 3rd quarter. Sanders Morris Harris LLC now owns 391,702 shares of the company’s stock valued at $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, Geode Capital Management LLC bought a new position in Synergy CHC during the second quarter valued at approximately $29,000.

Synergy CHC Stock Performance

Shares of Synergy CHC stock opened at $1.63 on Wednesday. The firm has a fifty day simple moving average of $1.82 and a 200-day simple moving average of $2.25. The stock has a market capitalization of $18.34 million, a price-to-earnings ratio of 5.62 and a beta of 3.48. Synergy CHC Corp. has a 1-year low of $1.30 and a 1-year high of $4.25.

Analyst Ratings Changes

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

About Synergy CHC

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.