Morgan Stanley lessened its stake in shares of Syneos Health Inc (NASDAQ:SYNH) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,559 shares of the company’s stock after selling 22,043 shares during the quarter. Morgan Stanley owned about 0.16% of Syneos Health worth $8,328,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SYNH. First Manhattan Co. bought a new stake in shares of Syneos Health during the 3rd quarter worth about $103,000. Campbell & CO Investment Adviser LLC bought a new stake in Syneos Health during the 3rd quarter valued at approximately $294,000. Cim Investment Mangement Inc. bought a new stake in Syneos Health during the 3rd quarter valued at approximately $297,000. Seven Eight Capital LP bought a new stake in Syneos Health during the 3rd quarter valued at approximately $327,000. Finally, BB&T Corp boosted its stake in Syneos Health by 26.7% during the 3rd quarter. BB&T Corp now owns 6,602 shares of the company’s stock valued at $341,000 after purchasing an additional 1,393 shares during the period.
Syneos Health stock opened at $52.66 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.42 and a beta of 1.51. Syneos Health Inc has a 12 month low of $31.10 and a 12 month high of $53.95.
In other news, CFO Jason M. Meggs purchased 3,650 shares of the business’s stock in a transaction on Monday, December 17th. The stock was purchased at an average price of $41.25 per share, with a total value of $150,562.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alistair Macdonald sold 6,697 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $53.04, for a total value of $355,208.88. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
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About Syneos Health
Syneos Health, Inc operates as an integrated biopharmaceutical solutions company in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. It operates through two segments, Clinical Solutions and Commercial Solutions. The Clinical Solutions segment offers various clinical development services spanning Phase I to Phase IV, including full-service global studies, as well as unbundled service offerings, such as clinical monitoring, investigator recruitment, patient recruitment, data management, and study startup to assist customers with drug development process.
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