Here’s Why ClearBridge Investments Small Cap Strategy Sold Syneos Health (SYNH)

Insider Monkey2023-09-18

ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Strategy” second quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy ...

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A copy of the same can be downloaded here. The strategy ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-clearbridge-investments-small-cap-142802895.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4530","symbol_name":"医药外包概念","start_time":0,"source_url":"https://finance.yahoo.com/news/why-clearbridge-investments-small-cap-142802895.html","article_id":"2368791374","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/QCaWxpyfeKNtD95cl_1mQQ--~B/aD02MDA7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/8577738f84a3c852cf540caf7ca4aba5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2368791374","pubTimestamp":1695047282,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Strategy” second quarter 2023 investor letter. 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One-month return of Syneos Health, Inc.  was 0.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4530":"医药外包概念","SQQQ":"纳指三倍做空ETF","SYNH":"Syneos Health, Inc.","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF","PSQ":"纳指反向ETF",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","QID":"纳指两倍做空ETF","BK4121":"生命科学工具和服务"},"translate_title":"以下是ClearBridge Investments Small Cap Strategy出售Syneos Health的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SYNH":1,".IXIC":0.9,"MNQmain":0.6,"NQmain":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6},"content_text":"ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Strategy” second quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy outperformed the Russell 2000 Index in the second quarter. On an absolute basis, the strategy gained all 11 sectors it invested in during the quarter. IT and industrial sectors were the leading contributors while energy and utility sectors detracted. Overall stock selection improved performance on a relative basis while sector allocation had a negative impact. In addition, please check the fund’s top five holdings to know its best picks in 2023.\nClearBridge Small Cap Strategy highlighted stocks like Syneos Health, Inc. (NASDAQ:SYNH) in the second quarter 2023 investor letter. Headquartered in Morrisville, North Carolina, Syneos Health, Inc. (NASDAQ:SYNH) is a biopharmaceutical solutions company. On September 15, 2023, Syneos Health, Inc. (NASDAQ:SYNH) stock closed at $42.74 per share. One-month return of Syneos Health, Inc. (NASDAQ:SYNH) was 0.47%, and its shares lost 16.52% of their value over the last 52 weeks. Syneos Health, Inc. (NASDAQ:SYNH) has a market capitalization of $4.433 billion.\nClearBridge Small Cap Strategy made the following comment about Syneos Health, Inc. (NASDAQ:SYNH) in its Q2 2023 investor letter:\n\n\"We exited our position in Syneos Health, Inc. (NASDAQ:SYNH), a clinical research company that provides clinical trial services. The company’s share price has faced sustained pressure over the last few quarters due to difficulty in the company rebounding to pre-COVID testing levels and internal mismanagement. As a result, Syneos agreed to be acquired as part of a takeover deal with a private investment consortium, and we capitalized on the offer to sell and capture the premium offered by the acquirers as we concluded a higher offer was unlikely.\"\n\n Likoper/Shutterstock.com \nSyneos Health, Inc. (NASDAQ:SYNH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held Syneos Health, Inc. (NASDAQ:SYNH) at the end of second quarter which was 29 in the previous quarter.\nWe discussed Syneos Health, Inc. (NASDAQ:SYNH) in another article and shared Meridian Growth Funds’ views on the company. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.   \nSuggested Articles:\n\n14 Best Undervalued Stocks To Buy Now\n10 NASDAQ Stocks with Biggest Upside\n15 Best Baking Countries in the World\n\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2368791374"}