Rafferty Asset Management Has Boosted By $4.12 Million Its Synchrony Finl (SYF) Position; Approach Resources (AREX) Sentiment Is 0.83

Synchrony Financial (NYSE:SYF) Logo

Rafferty Asset Management Llc increased Synchrony Finl (SYF) stake by 66.97% reported in 2018Q3 SEC filing. Rafferty Asset Management Llc acquired 132,767 shares as Synchrony Finl (SYF)’s stock declined 22.44%. The Rafferty Asset Management Llc holds 331,007 shares with $10.29M value, up from 198,240 last quarter. Synchrony Finl now has $22.08B valuation. The stock increased 0.92% or $0.28 during the last trading session, reaching $30.72. About 1.68 million shares traded. Synchrony Financial (NYSE:SYF) has declined 33.15% since February 13, 2018 and is downtrending. It has underperformed by 33.15% the S&P500. Some Historical SYF News: 17/05/2018 – SYNCHRONY FINANCIAL – BOARD APPROVED A SHARE REPURCHASE PROGRAM OF UP TO $2.2 BLN THROUGH JUNE 30, 2019; 11/05/2018 – New Study Demonstrates Feasibility of Novel Mechanical Sensor in Medtronic Micra Transcatheter Pacing System to Detect Atrial Contractions and Restore AV Synchrony; 17/05/2018 – S&PGR Affirms Synchrony Financial ‘BBB-‘ Rtg; Outlook Stable; 20/04/2018 – SYNCHRONY FINANCIAL 1Q EPS 83C; 20/03/2018 – Moody’s: About $618M of Synchrony Asset-Backed Securities Rated; 16/05/2018 – Synchrony Financial CEO on Using Big Data to Combat Amazon (Video); 20/04/2018 – Synchrony Financial 1Q Net $640M; 18/04/2018 – Synchrony Financial expected to post earnings of 75 cents a share – Earnings Preview; 07/03/2018 – SYNCHRONY IS SAID REJECTED A$8B BIDDER FOR LATITUDE: AUSTRALIAN; 17/05/2018 – Synchrony Financial Approves a Share-Repurchase Program of Up to $2.2 B Through June 30, 2019

Approach Resources Inc (AREX) investors sentiment decreased to 0.83 in Q3 2018. It’s down -0.21, from 1.04 in 2018Q2. The ratio fall, as 25 hedge funds increased and opened new positions, while 30 sold and decreased their positions in Approach Resources Inc. The hedge funds in our database now own: 18.30 million shares, down from 25.54 million shares in 2018Q2. Also, the number of hedge funds holding Approach Resources Inc in top ten positions was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 23 Increased: 19 New Position: 6.

Rafferty Asset Management Llc decreased Lennar Corp (NYSE:LEN) stake by 8,685 shares to 80,867 valued at $3.78M in 2018Q3. It also reduced Silicon Laboratories Inc (NASDAQ:SLAB) stake by 15,536 shares and now owns 31,149 shares. Fidelity Natl Information Sv (NYSE:FIS) was reduced too.

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Seekingalpha.com which released: “Synchrony Financial Q4 2018 Earnings Preview – Seeking Alpha” on January 22, 2019, also Fool.com with their article: “Synchrony’s Investors Have 2 Big Reasons to Smile – The Motley Fool” published on February 01, 2019, Seekingalpha.com published: “Synchrony to sell Walmart portfolio, extends Sam’s Club pact – Seeking Alpha” on January 23, 2019. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Businesswire.com and their article: “Robbins Arroyo LLP: Synchrony Financial (SYF) Misled Shareholders According to Class Action – Business Wire” published on February 05, 2019 as well as Globenewswire.com‘s news article titled: “Bragar Eagel & Squire, PC is Investigating Certain Officers and Directors of Synchrony Financial (SYF) and Encourages SYF Investors to Contact the Firm – GlobeNewswire” with publication date: January 14, 2019.

Among 6 analysts covering Synchrony Finl (NYSE:SYF), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Synchrony Finl had 7 analyst reports since September 26, 2018 according to SRatingsIntel. Oppenheimer upgraded the shares of SYF in report on Thursday, January 24 to “Outperform” rating. Bank of America downgraded the stock to “Neutral” rating in Wednesday, September 26 report. As per Thursday, January 3, the company rating was upgraded by Stephens. The stock of Synchrony Financial (NYSE:SYF) earned “Equal-Weight” rating by Morgan Stanley on Monday, November 5. The stock of Synchrony Financial (NYSE:SYF) earned “Outperform” rating by BMO Capital Markets on Monday, October 22. The rating was upgraded by Bank of America on Wednesday, January 30 to “Buy”. Citigroup maintained the stock with “Neutral” rating in Thursday, November 1 report.

Since January 1, 0001, it had 0 buys, and 2 sales for $42,597 activity.

Lubar & Co. Inc holds 2.75% of its portfolio in Approach Resources, Inc. for 1.00 million shares. New Generation Advisors Llc owns 1.86 million shares or 2.48% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.02% invested in the company for 1.01 million shares. The United Kingdom-based Gsa Capital Partners Llp has invested 0.02% in the stock. First Manhattan Co, a New York-based fund reported 641,201 shares.

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional gas and oil reserves in the United States. The company has market cap of $93.14 million. The companyÂ’s properties are primarily located in the Permian Basin in west Texas. It has a 3.83 P/E ratio. It also owns interests in east Texas Basin.

Analysts await Approach Resources, Inc. (NASDAQ:AREX) to report earnings on March, 14. They expect $-0.05 earnings per share, up 28.57% or $0.02 from last year’s $-0.07 per share. After $-0.04 actual earnings per share reported by Approach Resources, Inc. for the previous quarter, Wall Street now forecasts 25.00% negative EPS growth.

The stock decreased 2.86% or $0.03 during the last trading session, reaching $1.02. About 31,186 shares traded. Approach Resources, Inc. (AREX) has declined 50.00% since February 13, 2018 and is downtrending. It has underperformed by 50.00% the S&P500. Some Historical AREX News: 02/05/2018 – APPROACH RESOURCES 1Q ADJ LOSS/SHR 7C, EST. LOSS/SHR 6C; 08/03/2018 – APPROACH RESOURCES INC – CAPITAL BUDGET FOR 2018 IS A RANGE OF $50 MLN TO $70 MLN; 08/03/2018 – APPROACH RESOURCES 4Q ADJ LOSS/SHR 7C, EST. LOSS/SHR 7C; 02/05/2018 – Approach Resources 1Q Loss/Shr 8c; 02/05/2018 – Approach Resources 1Q Adj Loss/Shr 7c; 02/05/2018 – Approach Resources 1Q Rev $28.8M; 08/03/2018 – Approach Resources 4Q Rev $28.4M; 08/03/2018 – Approach Resources 4Q Adj Loss/Shr 7c; 21/04/2018 – DJ Approach Resources Inc, Inst Holders, 1Q 2018 (AREX); 02/05/2018 – APPROACH RESOURCES 1Q PRODUCTION 11.3 MBOE/D

Synchrony Financial (NYSE:SYF) Ratings Chart