Air T, Inc. (AIRT) Analysts See $0.00 EPS, Morgan Stanley Has Lowered By $952,028 Its Synnex (SNX) Position

June 26, 2017 - By Clifton Ray

Morgan Stanley decreased Synnex Corp (SNX) stake by 4.44% reported in 2016Q4 SEC filing. Morgan Stanley sold 7,868 shares as Synnex Corp (SNX)’s stock declined 8.02%. The Morgan Stanley holds 169,239 shares with $20.48M value, down from 177,107 last quarter. Synnex Corp now has $5.40 billion valuation. The stock increased 5.36% or $6.53 on June 23, reaching $128.37. About shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since June 26, 2016 and is uptrending. It has outperformed by 13.23% the S&P500.

Analysts expect Air T, Inc. (NASDAQ:AIRT) to report $0.00 EPS on July, 5. The stock increased 6.48% or $1.3 on June 23, reaching $21.35. About shares traded. Air T, Inc. (NASDAQ:AIRT) has declined 23.11% since June 26, 2016 and is downtrending. It has underperformed by 39.81% the S&P500.

Since January 3, 2017, it had 0 insider purchases, and 30 sales for $4.85 million activity. On Thursday, June 1 LEUNG SIMON sold $96,190 worth of SYNNEX Corporation (NYSE:SNX) or 856 shares. Another trade for 2,002 shares valued at $240,752 was made by POLK DENNIS on Wednesday, March 1. The insider ZITZNER DUANE E sold 3,000 shares worth $362,460. BREIDENBACH FRED A had sold 390 shares worth $47,627. Another trade for 2,000 shares valued at $233,057 was made by MURAI KEVIN M on Tuesday, March 14. LAROCQUE PETER sold $323,500 worth of stock or 2,615 shares.

Among 8 analysts covering SYNNEX (NYSE:SNX), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. SYNNEX has $128 highest and $86 lowest target. $105.75’s average target is -17.62% below currents $128.37 stock price. SYNNEX had 18 analyst reports since August 20, 2015 according to SRatingsIntel. The stock has “Buy” rating by Brean Capital on Friday, June 24. The firm has “Buy” rating by Brean Capital given on Friday, September 25. Zacks upgraded the shares of SNX in report on Thursday, August 20 to “Sell” rating. Stifel Nicolaus maintained the shares of SNX in report on Friday, June 9 with “Buy” rating. The firm has “Underperform” rating given on Thursday, October 29 by Credit Agricole. The firm has “Hold” rating given on Tuesday, September 29 by Needham. Needham reinitiated the stock with “Hold” rating in Friday, June 24 report. The firm has “Underperform” rating given on Thursday, October 29 by CLSA. As per Monday, May 2, the company rating was downgraded by Citigroup. Raymond James upgraded SYNNEX Corporation (NYSE:SNX) on Friday, May 19 to “Strong Buy” rating.

Morgan Stanley increased Wd (NASDAQ:WDFC) stake by 36,259 shares to 78,149 valued at $9.14M in 2016Q4. It also upped Wisdomtree Tr (DGRW) stake by 64,272 shares and now owns 1.45 million shares. Ambac Finl Group Inc (NASDAQ:AMBC) was raised too.

Investors sentiment decreased to 0.78 in 2016 Q4. Its down 0.54, from 1.32 in 2016Q3. It worsened, as 28 investors sold SNX shares while 85 reduced holdings. 26 funds opened positions while 62 raised stakes. 28.31 million shares or 4.26% less from 29.57 million shares in 2016Q3 were reported. Blackrock Japan Limited reported 0% stake. Jacobs Levy Equity Mngmt reported 77,028 shares stake. Cap One Association owns 0.08% invested in SYNNEX Corporation (NYSE:SNX) for 8,801 shares. Liberty Mutual Group Asset Management invested 0.06% of its portfolio in SYNNEX Corporation (NYSE:SNX). Cantab Cap Ptnrs Llp invested in 10,433 shares or 0% of the stock. Shell Asset Management has 0.11% invested in SYNNEX Corporation (NYSE:SNX). Northern Corp reported 0.04% stake. Teachers Retirement Systems Of The State Of Kentucky owns 33,564 shares or 0.05% of their US portfolio. Prudential Financial has invested 0.07% in SYNNEX Corporation (NYSE:SNX). Bessemer Grp Inc Inc owns 20,800 shares for 0.01% of their portfolio. First Manhattan reported 2,200 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems holds 0.01% or 4,299 shares. Public Employees Retirement Association Of Colorado has 0.12% invested in SYNNEX Corporation (NYSE:SNX). Jpmorgan Chase & has invested 0.01% in SYNNEX Corporation (NYSE:SNX). Fuller Thaler Asset Mngmt Incorporated invested in 2,700 shares or 0% of the stock.

Air T, Inc. is a holding company. The Company operates through five divisions: overnight air cargo, ground equipment sales, ground support services, printing equipment and maintenance, and leasing. The company has market cap of $39.70 million. The company’s overnight air cargo segment operates in the air express delivery services industry. It currently has negative earnings. The ground equipment sales segment makes and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the United States military and industrial customers.

Since January 23, 2017, it had 26 insider buys, and 0 selling transactions for $21.87 billion activity. 111 Air T, Inc. (NASDAQ:AIRT) shares with value of $2,328 were bought by Swenson Nicholas John.

Investors sentiment decreased to 0.38 in Q4 2016. Its down 0.06, from 0.44 in 2016Q3. It worsened, as 4 investors sold Air T, Inc. shares while 4 reduced holdings. 1 funds opened positions while 2 raised stakes. 569,007 shares or 0.90% less from 574,162 shares in 2016Q3 were reported. California Pub Employees Retirement has 63,200 shares. Blackrock Invest Limited Liability Com invested 0% of its portfolio in Air T, Inc. (NASDAQ:AIRT). Bridgeway Cap holds 9,500 shares. Morgan Stanley invested in 4,679 shares. Creative Planning holds 0% or 500 shares. Deutsche Retail Bank Ag holds 0% or 26 shares. Fmr Limited Liability Co accumulated 231,000 shares or 0% of the stock. Blackrock invested 0% in Air T, Inc. (NASDAQ:AIRT). Renaissance Technologies Ltd Limited Liability Company holds 150,700 shares or 0.01% of its portfolio. Blackrock Institutional Com Na holds 8,380 shares or 0% of its portfolio. Manufacturers Life The accumulated 0% or 41 shares. Blackrock Fund invested in 253 shares or 0% of the stock. James Rech has 250 shares. Vanguard Gp reported 32,000 shares. Wells Fargo & Mn stated it has 0% of its portfolio in Air T, Inc. (NASDAQ:AIRT).